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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: SwampDogg who wrote (45080)	11/16/1999 1:53:00 PM
From: IngotWeTrust	Read Replies (1) of 116912

This is one I haven't got a handle on, friend. I usually have a pretty strong opinion either way, but since I think the F/R hasn't got the cajones to do what is right, economically or morally, and still labors under the false assumption that spinning interest rates is an effective money and political management tool, I'm guessing it will stand still. Ahhaa and I agree on very little, but the statements he's made re: the impotence of the interest rate tool manipulation to have any real impact by the bond market and the Fed Puppeteers is right on if I recall his comments accurately. Of course, I could be mistaking him for another seer(g) The bond market tells the fed what to do, not the other way around, down here and I don't see any particular readjustment to higher rates. Of course, I'm of the old school that 6% is already "low money" since that is what I got my first mortgage for about 37 years ago on a brand new home. What's your best guess from up there?

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