What now?

OK, so last week wasn't the best week to go visit the Mom-in-law out in the country where I could barely get a wireless connection pirated from the neighbors. Every time a page would start loading, the connection would drop and I'd have to start over again. Well, it probably kept me from the panic that seemed to be hitting the Street.

I did make a couple of sales, and a few purchases as well. It's hard to resist a stock I've been watching for a while when it hits what I think is a bottom. I saw two last week, Bullion River Gold Corp(BLRV) - down from $.58 to $.37, and Evolution Petroleum Corp (EPM) - down from $2.65 to below $1.98, settling at $2.33 for the Friday close.

What with just about everyone's Central Banks injecting funds for "liquidity" and the Fed's cut of the Discount Rate, Ol' Inflation will be rearing it's head here before too long. You see, back in the 80's, the big number that everyone watched was the M1 Money Supply that came out every Friday after the close. When it went up, the Fed got scared of Inflation and raised rates. You see, back then, everyone remembered the Scary 70's, with inflation hitting over 14%, and interest rates just as sky high to try and control it. Sooner or later, people are going to remember those days, along with the price of gold over $800 per ounce. What would that be in today's dollars? Well, take it that a loaf of bread was, what, $.25-.35, and I paid over $3.00 for some whole grain wheat the other day (probably due to corn and grain prices blown up by the Ethanol Folks), then gold prices could be adjusted quite a bit upwards if the fit hit the shan...

The EPM I just picked up on a hunch that it would have a nice bounce in the next day or two. Hey, The Dean Cometh...