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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (3612)	1/19/2006 4:03:40 AM
From: Maurice Winn	Respond to of 218047

<Good times are needed for gold price to advance to encourage capital investment. During not so good times, like the '80s and '90s, gold did poorly, and output dropped faster than slowing demand for the metal. Now we have good times. Demand for gold is flat to up and enough wealth exists at the margin to take risk in gold mining investment. The POG must rise until the miners have repaired their balance sheets enough so industry wide operations can meet total demand.> TJ, for now, gold prices will rise. That will continue, as expected by financial relativity theory, until we have not good times which will be when interest rates start to hurt over-leveraged speculators. Then, gold prices, and gold miners, will decline in value, as has happened previously, each time. Okay, you read it differently and will time travel, clutching Aztec totem family jewels, to the bottom of any depression trough worldwide repricing, meaning cheaper shares, gold and miners compared with currencies. Or maybe you expect, as I do, [and as you have said], continued financial relativity theory application by Big Ben aka Helicopter Ben with petapixelation, as done by Japan since 1990 with zero interest rates and no Happy Meals. I expect, due to financial relativity theory, aka inflationary universe rulz, gold will not go down in price substantially when bushels of bucks are scattered from helicopters. Mqurice