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

To: Bearcatbob who wrote (34642)	5/29/1999 9:02:00 AM
From: long-gone	Respond to of 116764

<<Thread, The short squeeze will be mitigated by the ultimate gurantor - Fort Knox. Neither Slick Willie or any other administration can tolerate a huge acceleration in the price of gold. The "house of cards is based on a low interest rate - high cash liquidity - low inflation bubble". If inflation were to start the bubble would be in serious danger.>> IMHO the bubble is in serious trouble R.F.N.

To: Bearcatbob who wrote (34642)	5/29/1999 2:13:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 116764

That's why the institutions are making precautionary moves to the exits in the stock market. This is creating a broadening top in the averages. The plunge is still ahead when inflation becomes undeniable to the denying pundits and public. It is still somewhat creeping, but that's the worst form it can take because it is accepted and becomes the norm. However, there is rising bottoms in price discounts at supermarkets and more wage settlements are pushing an effective 6%. The FED can mesmerize themselves all they want about productivity gains, but that is such a sham. Measuring productivity is like measuring savings. Productivity can never be measured. It is inferred. If FED creates rapid money growth, productivity rises. Huh? It is the output illusion of productivity measurement, more output based upon yesterday's measured input. When FED has to slow money growth, productivity will suddenly go negative. We will still have to pay 6% more for things though.