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

To: bobby beara who wrote (11932)	5/19/1998 11:07:00 PM
From: Terry Rose	Read Replies (1) \| Respond to of 116830

bobby, And the Swiss are buying gold cheap. You might think that this Asia mess was not accidental. Lend out huge amounts of worthless paper then trash the currency and get gold in return. Sounds like a pretty good plan. This latest revelation that Indonesia's ruler is going to step down is just one more orchestrated act. He's going to resign within 2 years and under an election process that he will control allow the populace to elect his predecessor. Yea right. Wall Street and Asian markets bought it. The only problem is the Indonesians won't. Greenspan takes the easy way out. For the first time I am glad he held interest rates steady. Meanwhile gold stays in a very tight range. Yea there is a plan to all of this and I believe gold is the safe haven. Terry,

To: bobby beara who wrote (11932)	5/20/1998 5:05:00 AM
From: Crimson Ghost	Respond to of 116830

Bobby: Recent action again shows that gold tends to lead the CRB. Gold turned down well before the CRB and will also lead on the way up.

To: bobby beara who wrote (11932)	5/20/1998 5:19:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116830

Bobby: I think you greatly overstate the case for deflation. CRB indeed heading south, but commodities just a modest portion of the CPI. Money supply is growing very rapidly in he US and most other nations. Unemployment rate at near record lows. Service inflation -- a far bigger chunk of the CPI than commodities -- is accelerating. Greenspan is scared to death of what will happen if people start spending some of their big stock market profits. Bottom line -- commodity deflation accelerating because of the Asian crisis and the strong dollar. But the overall inflation rate is headed higher. Good for gold.