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To: Lee who wrote (40640)5/6/1998 6:08:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 176387
 
Lee, I agree, but it seems my skin is thickening ever since I got involved with SI. Never have I seen such a plethora of inane, ill-thought out ideas (if ideas are indeed what they are). That's why I appreciate your comments so much. They are always thoughtfully written and thoughtful of the sensitivity of others. I congratulate you. Unfortunately, I occasionally find myself responding in kind to some of the more ridiculous or vicious comments. And I certainly don't respond kindly to being characterized as a "sucker".

As far as doom and gloom, again, I see no distinct signs of the economy weakening, although I am becoming more concerned with the Asian crisis. The news today is that Japan will not lower taxes to stimulate its economy, and riots are breaking out in Korea and Jakarta. Government sponsored oil and gas subsidies are scheduled to end and the result may be to further slow economic activity.

TTFN,
CTC



To: Lee who wrote (40640)5/6/1998 7:14:00 PM
From: Lucretius  Read Replies (3) | Respond to of 176387
 
Hey, give the man a cigar. The food prices do have to do w/ El Nino. check my earlier posts discussing this matter about 3 weeks ago. It will get worse. OPEC will probably cut production, AGAIN, sending oil prices higher. Wages WILL go higher. Inflation is a puzzle w/ many factors that one must put together. Currency is only one part.

As for Au, Look at the XAU, it leads Au normally. Notice the support from the breakout of the W pattern. We are retesting it now. A successful retest should send the XAU up around 96. I'm in S. african gold mining co's so I tend to follow the Johanes. All Gold index. check 'em out. When somehting is at a 20 yr low and everyone else thinks it isn't worth dirt (like yourself and many others) it is time to start accumulating because just like fashion, everything goes in cycles. :)