Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: David Zgodzinski who wrote (182721)	7/23/2002 9:14:59 PM
From: yard_man	of 436258

When I read that Dave I thought about what would happen if it was decreed again that gold was fixed to such and such a price in dollars -- what would be the effect? I think now it just wouldn't work. the market is more gloabal and the dollar is everywhere ... I think Russell has a point that the Fed -- at some pt -- will desire for the gold price to rise -- albeit, in a slow climb so they are not embarassed, but enough so that deflation does not appear to be the boogeyman that it really is ...I'm getting really jaded here, thinking that perhaps -- not specifically the banks, but someone who is into them for some major $s was short gold and needed to unwind. Drats, now I am sounding like a conspiracy nut to talk up my book ... but I wonder. In the larger view, while POG remains above the 300-310 level, I remain a bull and will continue to play it that way.

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