GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

Jim- I was playing precious metals during the Hunt runup fiasco. There was never a shortage of any type that I was aware of except at the comex where just the rumor of delivery demand on the Hunt positions caused a major panic. According to Ted Butler during that time there was 4X as much silver available as there is at present. I do watch charts as a reference, but am more a fundamentals type and think more long term than short. What I am seeing right now is shortages and delivery delays everywhere and although many are fearing deflation it would not last long if it happenned at all. Helicopter Ben is leading a worldwide effort to create as much money as necessary to fight the current problems in the financial world. It may or may not work, but either way inflation will eventually demand it's due.

........al