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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (59847)6/4/2008 3:45:48 PM
From: marcos  Read Replies (1) | Respond to of 78426
 
ktn.v - filled on Kootenay 2.01s while typing, how about that, nothing like instant rewards

[edit] - in the last few days i've compared Kootenay's prospects to Canplats twice, privately to two individuals, so i look in my inbox just now, and an historically smart player is making the exact same comparison to me, lol ... not the highest of grade at Promontorio, but those are loooong intersections, adding up rapidly into tonnage ... i think this post-news pullback won't last, plan to take as much advantage of it as possible



To: marcos who wrote (59847)6/4/2008 7:20:53 PM
From: gold$10k  Read Replies (1) | Respond to of 78426
 
Hi Marcos,

Gold rose along with interest rates in the 2nd half of the 70's. It was not raising interest rates that stopped inflation and the POG. It was reducing the money supply.

Message 23899349
Message 23899393

Even if Obama became President and appointed Volcker or someone with Volcker's attitude to be FED chairman, the supply of dollars would be much more difficult to reduce because so much of it is held outside of the U.S. What could the FED give foreign dollar holders in exchange?

youtube.com

That is on top of a financial/credit crisis, an outrageous current account deficit, an already weak economy, housing, consumer, etc... all of which in 1980 was nothing like today. IMO, Volcker-like actions by the FED would turn an inflationary recession into a deflationary depression like the 30's.

vt