Monday, October 10, 2005

VIEW FROM THE TOP

http://www.marketthoughts.com/z20051009.html Henry To is always worthwhile reading, here is his latest before his service for hire. *(note sometimes I will put link in orig form if it is short enough otherwise all live links will be red)


http://news.goldseek.com/RickAckerman/1128866402.php Rick offers some interesting thoughts about economy and gold.

WHat "IF" because of inflating cost of living and a wage that is not keeping up, what "IF" because of historic debt and the service that come with it, what "IF" because of many paying through the nose for thier homes because of bubble prices especially first time home owners, what if for many other reasons like higher energy costs and property taxes etc etc etc, CONSUMERS become STARVED FOR DOLLARS (as worthless as gold bugs implore) that they don't even have enough free dollars to BUY GOLD!??

I expect all this FED SPEAK about inflation is sending gold higher, as the avg American struggles to find enough greenbacks to keep himself liquid.

Historic stimulus from Bush, historic FED pumping, worldwide pumping, tax cuts, housing bubble which has led to RABBID SPECULATING and over building (esp cocndo's) which in turn has created 100's of 1,000's of jobs in related financial and home building area, and yet the Dow has been stuck in a range bound trading zone. A break of 10K should it come would signal that part is over.


Duratek

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