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Hi
Don,
I'm
new to RT but have been a poster on longwaves and CB for a long time. I am a
Money manager who uses Technical Analysis (Advanced Get) and have had Geat
success. I have been in the business for 26 yrs which I believe qualifies me as
an oldtimer. I hope I have learned a few things over the years. One thing I have
learned relates to your question on Gold and can it go up in deflation. The
answer is YES. Gold does not go up BECAUSE of inflation. Gold goes up
because of a LACK OF FAITH OR CONFIDENCE in the currency. This lack of
faith can be expressed by either inflation or deflation. In an expansion of the
economy the lack of faith is expressed in inflation. In a declining economy it
is expressed by holding back, savings, etc, thus causing deflation. In extreme
cases, like at the end of a Super Cycle or Grand Super Cycle it can cause
Gold to go up even more than in inflationary times, because of the concern for
the solvency of nations, ie Japan today. We are not at that point yet, but
the charts will tell us when we reach it.Hope this helps.
<FONT face=Arial color=#0000ff
size=2>Robin
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Wednesday, March 14, 2001 11:18
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Is
the end near - Not for GOLDNo I missed the links (up
late doing Sub-S taxes due March 15th), and youare correct gold stocks are
a better choice if so inclined.Also the parallel to the NASDAQ is humm
kind of ok but not the same in manyways. Many of us saw the flaw there and
have been and continue to be incash. My bond partner has been warning me
about deflation for some time andhas won me over, so I am just not a gold
fan in this environment. But if itgoes up and you and others do well its
OK with me.As far as Yardini is concerned, I may be wrong but he came
out on Friday(CNBC) and said he is now worried about deflation vs.
inflation his previousfear so . . . I don't know. Can gold go up in a
deflationary environment? Iguess so if there is a financial panic at the
same time?Attached are the AGET charts, daily is bullish, weekly no
clear picture.Good luck on your trade.don
ewers
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