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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (25061)8/3/2011 8:29:35 AM
From: Tommaso  Read Replies (1) | Respond to of 29622
 
I think that's true, given the dash to buy treasuries yesterday. atching the last episode of "Treme" (first series) last night, which depicted (in a flashnback) the complacency of a lot of people in New Orleans as Katrina approached. I think the view of approaching inflation is somewhat the same: "It's not here yet, so why worry about it?"

But the gold buying is a little like the way people rush to get milk and bread before a hurricane or blizzard.

Gold miners will really come into their own when gold holds up or rises further, and inflation is obvious even to the Federal Reserve. Monetary inflation is spiking right now--MZM and M2.



To: carranza2 who wrote (25061)8/3/2011 10:25:29 AM
From: Jim McMannis2 Recommendations  Read Replies (1) | Respond to of 29622
 
I think it's still a mixed bag now. Inflation and fear.
In the 80's it was clearly inflation. When the market tanked gold stocks lasted until noon and headed south.
The general market heading south here probably has something to do with the XAU-HUI not taking off with the bullion.


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