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

To: long-gone who wrote (32016)	4/18/1999 12:23:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 116764

200 day simple moving average 67.04 200 day exponential moving average 68.02 XAU 67.72 89 dema last piece of puzzle to turn positive, one day to next. Not yet but close. Then 10 of my indicators kick in. Some need to be validated. Is this war inflationary? 1. I see we are nearly out of cruise missles and we are going to convert some nuclear tipped warhead missles. It's been said that war is a good economic simulus. Maybe it will set the inflationary cycle into play. Looking more like it will last I while and the president will have to ask Congress for money to replenish depleted weapons. 2. Is this the budget surplus that Clinton is spending? Adding to the national debt and will it cause the government to have to print more money? Sounds like potential inflation there. 3. Will NATO countries have to sell gold to help finance the war? Will this hurt gold relative to more inflation sensitive commodities? 4. The XAU has reached a level where it's been turned back in the last year, based on MA penetration and trendlines. Will it bust out this time. 5. Certainly, Japan and Asia are picking up as is Latin America so some of the limiting factors of inflation are being lessened. 6. I don't care what the goverment says, we are experiencing wage and real estate inflaton. Questions to ponder. Meanwhile I'll hold some long gold stock postions as well as the oils. I've said for many years that the general stock market won't peak until the XAU makes a large run. Either way I win...I'm mainly invested in the general market but have upped my gold stock % as of late. Jim

To: long-gone who wrote (32016)	4/18/1999 1:42:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 116764

Anything is possible but gold is not my strongest trading vehicle. I mainly lurk this thread since it has some of the best news catches and Fundamental evaluations of economic factors. I rarely have much to contribute since I am a TA oriented trader and stick mostly with derivitives/options. Looking at a chart going back to 1984, there is a good chance we could be making another one of those parabolic spikes up like we have a few times over the last 15 years but it is too early to mortgage the house on it. If my fork were to get violated to the upside, then I may be more open to the idea but right now, nothing major has been violated. Your view of the MA is correct but I also use other indicators to verify the break outs and they haven't been met yet. As long as there a re a few resistance points inthe way, I lean towards a wait and see approach. I forgot the posters name and am sorry if I really hack this up but it was something like Searle Sarran who asked >>It's really hard to see how the US can lose power. << I ask, according to numerous studies of birth rates etc including National Geographic. The poorer you are, the more likely you are to have more children. The more educated you are and higher income bracket, the less children you will have. Also at present levels of immigration both legal and illegal, Hispanics will become the majority in the US in the not too distant future with most being in the unskilled labor category and exibiting an unwillingness to adopt English as a primary language etc but mainly having the attitude that we should change this country to accomidate them instead of the prior immigrants willingness to adopt to their new countries ways. How long will the US be able to stay the technologically cutting edge advanced society it is now if the majority of the population is unable to be the engineers, business managers, software designers etc of the future. What kind of tax laws, welfare statutes and union contracts will be in force when the majority is the lower class and the bread winners are the minority? 80% tax rate for incomes over 20K? Not trying to appear racist but have you been paying attention to some of the laws being proposed in California lately? Here in Idaho they were trying to give migrant workers who were not citizens, double wages, healthcare , dislocation allowances etc etc. With commodity prices falling through the floor, the farmers would have been out of business. Anyone else noticing how many of our large firms are being bought by European companies lately. How can we justify a strong dollar when we already lost 2 of the big 3 automakers, our airplane companies are on the brink of going under etc etc. The dollar os longer pegged to Gold, it was pegged to our GDP but if that all moves to Europe???????? Good Luck, Lee