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Non-Tech : Alan Greenspan- the most poweful man in the world?
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To: Cosmo Kramer who wrote (17)4/17/1997 8:54:00 AM
From: long-gone   of 19
 
Prior to the US election,he was quoted as saying his "long term target" was gold at $380 to the oz. Is it possible, he will tighten
until enough money has moved from the market & into gold that this target is then realized,or at least in sight? The Fed. has stated gold price is one prime number they watch. Could all the top analysts be
looking at gold price in the wrong light? I think (that it is more than possible), the Fed wishes to move money from the stock market and the dollar & into gold. They will not care if the gold is held by the government or the American people.He told us "there are never new times." Was this to say he is looking for a future 50% correction
in the market? During times of a great down in the DOW, GOLD has been the only safe place!

If he showed a downward miss of $50 to the oz. what could the rebound reaction be? How much air is in this market? How much money could make the run to gold during a 35-50% decline? What should the topside target be, now that a few money managers are suggesting we all hold some gold stocks?

This is a momentum market where the average 30 yr. old money manager's view of long range can be only after lunch. How many people will miss the greatest move of all time, due to short term thinking?

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