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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.68+5.0%Nov 10 4:00 PM EST

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To: Bill Murphy who wrote (36871)7/9/1999 5:14:00 AM
From: Zardoz  Read Replies (4) of 116753
 
In the days of OLDE,
When the knights were BOLD,
A kingdom was ruled by POWER.

In the day of NEW,
What one sees is not TRUE,
The world is ruled from a twin TOWER.
->
The power of MIGHT,
Is the power of LIGHT,
And knowledge is the KEY.

Money is CREDIT,
Treasuries are DEBIT,
Now listen here to ME.
->
Flexiable assets can GROW,
As money hence does FLOW,
In an endless stream around the GLOBE.

But when they STOP,
Them markets will DROP,
But CB have used their frontal LOBE.
->
Monetary growth is the SOLUTION,
That mitigates the inflation POLLUTION,
And create a stable ECONOMY.

Hard assets are a LIES,
As with gold; EURO TRIES,
But still show no AUTONOMY.
->
Gold has no GROWTH,
And their is it's TROTH,
And as such must LAG.

As assets CLIMB,
I'll invest my DIME,
And let someone else hold the NAG.
->
When central banks makes LOANS,
GATA thus makes GROANS,
And reality is put ASUNDER.

But truth be TOLD,
That if you really like GOLD,
Then now is the time to PLUNDER!
->
But your reason are UNSOUND,
As only a noise you ABOUND,
I ask, "Are you even a BUYER?"

Or do you play this GAME,
That GATA loves to place BLAME,
You sound like you're a town CRYER!
->
So stand up an be COUNTED,
For even gold rallies can be MOUNTED,
And declare you positions PLEASE.

OR is it all TALK,
And you don't do the WALK,
And have been playing us all a TEASE.

+++++++++++++++++++++++++++++++++++++++++++++++++

USA has around 260M Oz....
The monetary ASSETS of M2/M3 have climbed.
The Economy has climbed.
Growth abounds.
Gold has only kept pace buy loosing it value.
Greenspan and gang adjust M2 to control growth.
Gold suffers from lack of growth.

If M2 = 4,528.7 Billion
260M Oz @ $260 := 67.6 Billion
US Hard assets total 67.6/4528.7 * 100% = 1.492%

USA might as well PART with all remaining gold holdings as it's obvious to me, that at 1.5% they aren't holding enough to waste the time storing it.
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