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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Terry Rose who wrote (54)	11/20/1997 2:37:00 AM
From: philv	Read Replies (1) \| Respond to of 1756

Terry: I am the first to admit to confusing economic signals, and the question of inflation or deflation has not yet been fully answered. Some suggest that we are living in the best environment possible between the two, and credit is given to shrewd management by Fed. Reserv. Chm. A. Greenspan. If you were fully vested in equities you would obviously be pleased. You have to agree that some areas are doing much better than others, and one's perception may well depend on location. The effect of Asian buying of US debt is not yet known, as the troubles are recent. I believe there will be a pull-back or redemption to cover losses at home. The US will not be pleased, and is undoubtedly trying to manage and prevent or postpone this eventuality. Then the printing press may be cranked up due to US dollar devaluation. That may be the begining of a gold rally. Greenspan recently stated that gold is a "useful tool" as an "indicator" for the measurement of inflation. That is the only credit he gave gold, and the inference is of course, low gold, low inflation. Well, gold is low, even depressed? Powerful forces and clever people are in charge, but events seem to be coming to a culmination and perhaps a clearer picture will soon emerge. Phil.