<Might it not be a bit late for any historic level of "grace"?>
Yes, but there is no need to make the situation any worse than it already is. I'm assuming, of course, that your not interested in outright civil war again.
I merely want to point out again, Richard, that the Crisis that you have been desperately looking for (in the form of Wars) to help stimulate the POG has arrived on our domestic turf and it is not going away anytime soon. My point being that whoever becomes President, the Administration will not be able IMHO to exude the kind of confidence that is essential to reestablish the Bull Market in equities. Advantage: Gold. Perhaps you will be proven correct that Bush will be better for Gold in the sense that he will take a laissez faire approach to the Gold market, whereas Gore will be openly hostile to Gold, as Clinton was. Let me tell you here openly and honestly, Richard, that I love Gold more than Clinton/Gore. But I love making money more than I do Gold.
However, I see no evidence thus far that a Bush Administration would be friendlier to the Gold Market than Clinton/Gore, as you presume. Control and Manipulation are essential ingredients of all Administrations, whether it be Republican or Democratic. To lose Control means a much higher POG. Neither Administration wants that, though Bush may tolerate a higher POG than Gore.
Ultimately, the economic fundamentals will win out and the advantage is clearly on Gold's side right now. |
