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

To: IngotWeTrust who wrote (6608)	1/23/1998 4:32:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116762

Hi- I should have phrased the question in a more specific fashion..his implication appeared to have nothing to do with supply/demand but with currency...that is what really caught my eye because it was totally a different way of viewing things.. his view then wouldn't be limited to oil but the results of confidence in currency..maybe I am reading too much into that article.. if I am not reading too much in..then that could partially explain why gold has behaved as it has.. bobby (ie. the dollar is *the inflationed asset* "Someone once made a perspicacious observation. History does repeat itself, but never quite in the same way. There will be another oil shock, but it won't be caused by our government's refusal to pay more for crude to cover the dollar's lost purchasing power. There has been massive dollar creation over the past six years. What hasn't happened as yet is dollar inflation translated into rising prices. Ironically, this won't happen until the dollar starts to be replaced by the Euro. At the first hint by OPEC that they intend to switch from dollars to the Euro for payment acceptance of their product, the increase in U.S. prices will begin. We call this the market's discounting of future events. Every political action begin taken in this country is being done to minimize the coming effect of the Big Bang - the switch from dollars to Euros. As long as we can pay for crude in dollars, U.S. prices will remain relatively stable. Once the Euro is used for world trade, U.S. prices will soar."

To: IngotWeTrust who wrote (6608)	1/23/1998 4:51:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116762

ran out of time tracking down the quote and getting kicked off isp etc.. maybe I am a bit groggy..but people have been saying we have been exporting our inflation overseas..and it never hit me until I read Coleman's article to question if the dollar which has been the safe haven(boy do I want to refer to the Titanic but I know our economy has been incredibly strong and the way the tech sector acted today there will be a lot more great earnings down the road in that sector..probably counting on European companies to upgrade their systems etc) that has hidden inflation since nobody looks at the currency and calls it "inflation"..now you see why I wanted you to comment :> slightly (to put it quite mildly)confused..