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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: The Street who wrote (1779)	10/5/1998 4:18:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 1911

Street, it depends upon whether when the growth in money supply is quoted, it is quoted on the entire money supply or only the domestic money supply. My guess is that when 10% is quoted it is in fact 10% of the total. If a huge % isn't exported the domestic supply would explode. But I may be misunderstanding whats going on. I'll try to research it when I have some time. Thanks for the dialog. Regards, Dave

To: The Street who wrote (1779)	10/5/1998 7:16:00 PM
From: David R. Schaller	Respond to of 1911

Street, First cut: All three money supply figures are for the one the one year period 8/97-8/98 and are in trillions of dollars. ....M1-$1.067...........M2-$3.961..............M3-$5.200.............. ........-$1.069...........M2-$4.246..............M3-$5.710.............. growth----nil...............+7.2%..................+9.8%.............. M2 apparently is the first money supply figure to include Euro's & Repo's. I think it is interesting to note that M3 shows the highest growth & that it includes M1 which remained stable for the past year. Obviously the growth of money in the M3 segment (if M1 were excluded) would be even higher than stated. I'm inclined to think that almost all the stated growth in money supply is exported. My 30/70 split in domestic money growth may actually be closer to 0/100. Regards, Dave