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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (908)	1/8/1999 8:23:00 PM
From: .Trev	Read Replies (1) \| Respond to of 3558

If you find out I suggest you keep the secret. Nobody would believe you anyway. It's kinda like finding out the sex of your baby before it's born. Just spoils the day. Cheers

To: Terry Whitman who wrote (908)	1/8/1999 9:52:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 3558

These movements are a sign of recovery from a depressed state. Once they have recovered to "normal" levels, you can take a look to assess the conditions. At this time it can't be known whether after normalcy is reached commodity prices will persist upward establishing a trend. An up trend in commodity prices isn't necessarily inflationary if the rate is gentle enough or if other factors prevent commodity prices from being passed on to final consumption. The core reason behind inflation is the situation where people demand and receive more in compensation than the value of their output. In order for this to occur here requires that the low cost producers there have dynamic economic environments. The there is Japan and Asia and they must be booming. This was starting to develop last Spring, but Asian growth was so steep that they couldn't muster the momentum to boom, so they broke down and cooled off. Inflation here was starting to cook, but when Japan's intrinsic structural problem, over-dependence on trade activity, hit the skids from encroaching competition from other Asia, inflation here evaporated with Japan's slow down. Fear cools inflationary wage demands.