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

To: Jim Ilchyshn who wrote (5061)	1/2/1998 6:51:00 AM
From: Mark Hutnick	Respond to of 116756

Jim, Your memo can be summed up in my eyes in one word...... Vicarious! Everything you say and feel is exactly the way I think and feel. We are confused, like so many others, because we have been lied to for the past 2 decades. Not for a minute should we believe Inflation is dead. And you are right about the fact that if the gov'ts admit that inflation is back/is here/ is coming, they will need to up their payments to endowments, social security, gov't pensions and the like. THis will cause added gov't spending which will deepen the deficits. I've been burned a few times over the past 4 years in the markets, commodities, and metals. So now I am forced to watch the markets and my investments daily (sometimes hourly). I no longer beleive in the old saying about long term investments and how you need to leave your money alone for years. This may work in a few instances, but the majority of factors are mostly variable and volatile. Too much can go wrong vs right and the crooks are smarter than ever. Jim, at least you and I recognize that we are confused (vs others who don't have a clue or aren't willing to fight it). At least this awareness makes us more cautious and alert of what is happening. Finally, I like to put my investments in a position that I can quickly get out of if I need to; like moving a sector mutual into a money market fund. This gives me a parking spot until I know which direction to take next. Good Luck, Marco