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

To: ahhaha who wrote (1456)	4/23/1998 3:32:00 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 1756

I agree that there is a chance that the markets could absorb some gradual rate hikes however rather than have to take that chance that I'd like to see rates stay low and any possible inflation more entrenched. A hike means a change in course and there should be at least an initial shudder. I think like you, the longer it goes without hikes the more entrenched it gets and the more it will take to slow it all down. IMHO, there is already a lot of inflation out there and it's not being measured. Throw in low rates and low oil prices and that adds even more fuel. In 1987, long bond rates had backed up nearly 2 points before the market went over the top. It all happened after AG started to hike. On the other hand, rates had remained stable but choppy for nearly a year before that and gold stocks thrived. As did the general market. That's the scenario I prefer to see. A tradable rally? That's the only way to participate in Gold IMHO. Trade intermediate term using TA. Too much can happen to pull the plug. Jim