Robert, this is a good thread to obtain a wide range of views,
but the real action is elsewhere, as in you have to go where
you are not allowed thru the assumptions based on other's beliefs.
The one and only starting point is that which all economies
rest on for stability and growth and order and reference and
hopefully a built in fail/safe mechanism, money/currency.
Someday electronic money will be used by all, no more printing
of paper or making coins. But no matter if its paper or a
bunch of 1's and 0's in a computer, unless it represents a real
value that can be exchanged for it, then its a farce created
and controled by criminals and misguded persons.
Today money is backed by what ? My answer is that today its
backed in large (50%) part only by government and the powerful
rich persons of corporate and financial institutes thoughts.
As in they created money to influence the activities of nations,
and at present it may be viewed as a house of cards that may
be unstable, or a solid structure with cracks needing repair.
GATA - Gold Anti Trush Action - founder Bill Murphy
To me the foundation(worth) of paper money is poor, and if not
for GATA those criminal and misguided people who have created
it would once again survive another crisis of their stupid and
wrong plans, and continue on and continue with more of the same.
But with GATA, finally a look into how they have done things
is now being viewed, and it ain't nice. No more bad mistakes
and poor ideas and bad luck will be the focus, now the focus
will replace the always accepted view that they tried to make
life better for all, but failed, with a view that they did all
those things for their own money and power gains.
If the above is the way it is, then Bill Murphy statement
"the risk/reward ratio is as good as it gets."
has a typo mistake, and should read as
"the risk/reward ratio is as gold as it gets."
If GATA is wrong then go 100% cash and wait until 2 Jan 2000
and buy at the markets bottom of dot com's companies.
If GATA is on the money(gold), then leave this thread and go...
Le Metropole members,
Will Arch Crawford be right about a big stock market
tanking on August 11?
Today, the bond yields went up once again and reached
6.24% in the U.S. The CRB Index is still climbing and
finished the day at 197.85 up 1.07. The price of oil
rose sharply, closing at 21.27. Base metals led by
nickel (6400 and new high for the move) also were up.
The financial scenario laid out to you by the
commentators in lemetropolecafe.com is coming
to pass. The commentary on the financial markets by
David Tice and Charles Peabody is right on the money.
We hope you will pass this on to others who might
want to have a leg up on other investors regarding
the breaking of the "stock market and credit market
bubbles"; the predictions of David Tice, the bond market
and banking stock calls of Charles Peabody,"the inside scoop"
on the gold market by yours truly, and all the
other informative Caf‚ commentary that is served
to you by our savvy other contributors.
The bull market move coming in gold
will most likely be the most grandiose of all time.
Think of it as a pressure cooker blowing its top. The
XAU broke thru all technical barriers today closing
at 68.49 up 3.64. If you are interested in the gold
market, I hope you will read the Midas du Metropole
that I put out yesterday, entitled," The Gold Market -
Why Be Aggressively Long? - "the risk/reward ratio is
as good as it gets." |
