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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Hawkmoon who wrote (66282)	3/20/2001 8:24:03 PM
From: SliderOnTheBlack	Read Replies (2) of 116764

Ron - re: Kudlow... Ron - yesterday he said the Fed would & had to liquify & re-flate the US economy - which would move gold & a $30+ move in Gold would be a sign that the liquification was underway...and "that the Fed was finally no longer behind the curve" - THAT was the key concept - the Fed being behind the curve & what market signals would tell us - they no longer were... he both explained how & why Gold would move & from his broad comments - he certainly expects the Fed to cut and to liquify/re-flate & thus for Gold to signal that move shortly... end of subject . I guess the only way he "is not expecting, or did not" make a call for a $30+ pop in the POG; is if he thinks the Fed is done & there are no more rate cuts coming ? ... I think we both know, or at least expect - as does Uncle Larry; that the Fed is still going to cut again & has to liquify & re-flate - which will make his $30+ move in the POG come to fruition. semantics ? ... whatever I'll consider letting you off the "semantics" hook .. but; your comment of : "But no where is anyone expecting, nor should they expect, some major move in the price of gold above $300/ounce." ... now THAT; I will not forgive you for & from the "stank" so obviously attached to that intellectual flatulation - I would think it's rather obvious that yes; you did pull "that" out of your ass (VBG) - and you did ask - re: {{"Did you think I just pulled that out of my @ss or something?"}} ... and as far as gold & silver - as in all things; we shall know in the fullness of time. But, bottomline - I'd rather be betting on a broad cyclical bottom as a market bubble is unwound via liquification than I would in something having occured that is going to permanently lead to non-stop eternal deflation in gold & silver... once again; been there & done that with the Oil Bears 2 years ago... same situation - different commodity; yes - no Cartel in Gold, but there was no PPT/ESF standing on the neck of the price of oil either ....nor, a derivative bubble attached to it either. I guess all that foreign investment is just going to sit here as we continue to implode... I'm sure Japan doesn't need any of the money parked here in US bonds & equities to fix anything at home... and King Dollar ? - kind of maybe think that Uncle Al & the Merry Men at the PPT/ESF had to keep the finger in the dike there - given the equity market collapse ? Could they afford to let the dollar collapse here & now ? Let the markets stabilize & then O'Neills softer - free floating dollar policy will help bring the US markets & economy back... The old economy is what will bring the US out of this recession & the US must have a soft dollar - given the Yen; for the US Auto Mfg sector to be competitive etc... We've got a no-brainer expectation of re-liquification & re-flation of the US system here; we have to let the Dollar soften - or the Japanese will send the US Auto Mfg sector into freefall via currency advantages... that Gold is going to move here - it "aint" even a tough call... just a little patience... the markets need to be stabilized first - all things in time...

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