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

To: Zardoz who wrote (25645)	1/8/1999 12:37:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 117273

Hutch, RE:Well you see, once again you jumped over what I said. OK... let me put it this way. USA WILL NOT SEE ANOTHER RATE CUT UNLESS THE WORLD ECONOMIES ARE FALLING FAST. But they may see a rate rise soon in the US. So how is this bullish for gold? Even the 30 yrs are creeping up, and the M2 rate is slowing. ----- Rates are low Hutch. Are inflationary cycles likely to start out of lower interest rate environments or high ones? The Cyclic nature of gold has on the upside been dampened by an overall perceived disinflationary tren for the last decade. AGs steady hand, not letting rates fall too fast has also held gold back. On the plus side, consider all the disinflation factored into the price of gold. Any whiff of inflation will send the XAU up like a banshee. Their is more risk being out of gold stocks than being in, IMHO. Still I'm a timer. I can make money either way. All I want is some volatility. I wish I had more time to discuss this.