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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (1749)	10/22/1998 10:23:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 81820

Economics is indeed an inext science. Plus different economist have different values which impacts their analysis.. Armstrong, for example has quite different values than John Kenneth Galbraith. I do not think inflation or deflation are the key factors influencing gold prices in the long run. Real interest rates are the key. If inflation surges to 10%, but the Fed hikes the funds rate to 14%, gold will be a disaster. But gold can surge with 2% inflation if the Fed cuts the funds rate to 3%. Now down on my gold investments, but my positions were modest. And my losses on gold have been offset by nice profits in oil service. While real interest rates can accurately forecast long-run trends in gold prices, short-term movements are something else again. TA fails as often as it succeeds. Many false breakouts and false breakdowns. Would not surprise me of POG gives a sell signal on many charts and then promptly stages a strong rebound.