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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Crimson Ghost who wrote (63245)	2/3/2001 3:57:33 AM
From: GST	Read Replies (1) of 116753

"Managing" market forces -- an oxymoron some would say -- is like walking while carrying a shallow tray of water. Once the water starts to move around in the tray it is almost impossible not to over-react and cause more shifting and then spilling. Energy markets got the water in AG's tray moving unexpectedly -- and the rate cuts are not "good medicine", just as a sudden tilting of the water-filled tray does not stop the water from moving around -- on the contrary it makes it uncontrollable. There is a reason why AG prefers to be gradualist -- he is walking with a ten trillion dollar tray of water -- this idea that we hurt for a few months and then the good times roll on as before is poppycock. The world's financial system which was held together a few short years ago by the strength and stability of the US monetary system is now going to be destabilized by that very system -- at time like these all bets are off -- this is the time for gold.

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