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To: PnclNk who wrote (2441)	9/2/1998 4:12:00 PM
From: Merritt	Read Replies (1) \| Respond to of 14427

Pencil: Good link, thanks...but I can't refute what was written, with a couple of weak exceptions: point 17, we appear to be in a deflationary trend, with weak economies defining weak demand, and point 18 seems to be a stretch, unless the credit defaults are on a huge scale (national - like Russia maybe<G>) Food for thought...here's another reason: if you place the price of gold at $150.00 in 1974/75 (which is about where it traded after Nixon took us off the international gold standard and before the meteoric escalation that took place in the latter part of the '70's) and increase the price relational to the cost-of-living increases, you find gold should be in the upper $300's. Gold has deviated in price from this model, but always seems to return. But I guess what I'm looking for is signs of a trigger...I do best when I employ short-term trading within a long-term perspective. Merritt