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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (590)	4/22/1998 1:51:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 3558

I can't predict how stupid authority can be. That is asymptotically infinite. How smart they can be is finite and predictable. What smart is here is to slow down the rate of growth of the monetary base and thereby cause short rates to rise. This would have the beneficial effect of causing long rates to fall after a bloop up. The major trend in prices is down because the cost to create goods is almost nothing. But the world needs an inflationary respite back up to the major down trend. It has been almost 20 years since this lesson was learned well. Most of those who learned it are gone. The new generation has to re-learn it. The lesson is: you can't get something for nothing. It is traditional for the stock market to crash in October. Usually it gets a whacking in May-June before the "summer rally". Given the extended persistent bullish rampage, you know the rally will come when the bulls see the "correction" is over. Of course, that's the bagging period. The stock market always gives everyone plenty of time and good prices to extract themselves providentially. It takes greed to get you to the crash holding strongly when it won't come back anytime soon.