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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Cascade Berry who wrote (3926)	12/7/1997 5:14:00 PM
From: Bobby Yellin	Respond to of 116836

Some of us took notice when on three different occasions when gold looked like it was going to break out..one of the central bankers spoke up on that day of the crisis..It is very very difficult to be bullish short term when those "occurrences" happen..I have never seen better choreography.I think big traders don't necessarily believe the CBS but just know it is currently fighting that tide. A lot of us have been fearing deflation before inflation (everybody has their own theory..I just see less discretionary money among the average US citizen besides a big build up of debt which translates into less buying in general(unless prices get cheaper) ..for the other class..at least in this region..schools and real estate have blown sky high..with little money down for real estate so a lot of people with great salaries can't save to live well) I also have been bullish on gold because of this paper asset inflationary time... now wondering when Japan starts to rally (Jimmy Rogers on TV said the Bank of Japan had far more money that our Fed..wonder where you can get the numbers)..does that mean money will flee the dollar but into the yen for a go again at that market? really enjoying your posts.. thanks for all the great information...

To: Cascade Berry who wrote (3926)	12/7/1997 5:59:00 PM
From: Eashoa' M'sheekha	Respond to of 116836

Sounds Logical Enough To Moi. Thanks CB.Have printed it out for further examination.It's too bad our RRSPs don't have the exposure to the many instruments and options available,as well as foreign content rules.Can be very limiting in this country as we are heavy on the resource side,and limited on the tecks.The US is so much more diversified,isn't it.I don't anticipate much of a swing unless the Government changes it's mentality and wakes up to the fact we can't grow by merely harvesting our natural resources to send out of the country,only to buy them back in another form.Canada imports ..get this...sixty percent of manufactored goods. That's much too high for an industrialized nation.Our trade balance looks good,but the underlying numbers show another picture,as do the unemployment rate.We need more incentives in the venture capital sector to allow the Ballard Powers of this world to emerge as winners. I would like to see tax incentives for investing in higher risk areas. Right now,persons investing in venture capital companies are afforded only the same tax structure as those who buy the blue chips.Where is the Incentive to take the risk?We used to have a tax structure that did allow better tax breaks in the mining sector some years back,but was re-assesed for the short term tax grab as apposed to the longer advantage of exploration and development.Too bad. We currently allow 250,000 new citizens into this country each year. This year for the first time,the majority are from Asia as opposed to Europe,and looks like a future trend.This may prove beneficial in the long run,many opinions to be heard on that one.Canada is generally going to do well I believe,but must begin the next Mellenium with tuffer stand against the Asian goods exporters if they refuse to open their markets.I believe the US may also be looking at this,given the global currency deflation that may see it's trade deficit soar.I say, get tuff with the APEC members.It appears to be what they understand better. One Asian group here on the Wet Coast was saying something that made a whole lot of sense to me during the APEC'ers meeting.He/they noted, noone were invited or consulted when meeting with those very nations from which they came and understood.I think the Canadian Government should tap this wealth of knowledge and willingness and give them an oportunity to assist Canada with trade in that region of the world. Sorry folks,this is off topic a little.But the implications and influences are there from a larger perspective,even though it's just Canada.:-) No Response Necessary CB. Later Dude!