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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (34078)	6/7/2005 2:04:06 PM
From: ild	Read Replies (1) \| Respond to of 110194

Date: Tue Jun 07 2005 13:23 trotsky (playrightman) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved oh well, a good case can be made re. a further rise in the oil price longer term ( big demand growth coincides with depletion of 'easy-to-get' oil ) . funny enough, the linkage between strong money supply growth and rising gold prices isn't so clear though...e.g. throughout the 80's and 90's both money supply and budget deficits grew enormously, but the gold price went down anyway. imo it boils down to this: perceptions about the strength of the monetary order...the more market participants are prepared to trust the monetary bureaucracy, the less inclined they are to hold gold. otoh when that confidence is shaken, gold demand rises. and that apparently depends to some extent on which prices rise as a symptom of monetary inflation. e.g. rising stock markets and real estate prices are deemed 'good', while rising oil prices are deemed 'bad' ( except of course, by the owners of oil ) . so there is a connection, no doubt.