Doug: You sure possess tremendous illusions of grandeur when it comes to GATA-as if the vast majority of the players in the Gold Market take GATA seriously, outside of a few hardcore desperate gold bugs who post on threads like these. I think you are setting yourself up here for quite a "Fall From Grace." So, be careful. I'd hate to see you become permanently depressed. I do understand that some Hardcore Gold Bugs have reached the desperation phase where they have had to place their Faith in GATA like Equity Bulls do in Greenspan. There is a very big difference between GATA and Greenspan, however, when it comes to power and influence. Even someone who is as naive as you must have an inkling of this. Justice only takes place within the System. Think about that.
I've always viewed GATA as being very out of touch with the Gold Market and Global economy. The Bush Administration, in contrast to GATA's campaign preannouncements, has turned out to be just like the Clinton Administration, in its strong defense of the Supremacy of the U.S. Dollar as the World's Reserve Currency. Do you know why the Bush Administration has not lived up to GATA's superficial proclamation of Bush as being the next "Pro-Gold President?" What's at stake here is the foundation of the global economy. So, I think GATA is a little underarmed, in every respect, to say the least. Not that I think the Fed will succeed here-though I do expect a cyclical bull equity rally in 2002 within the context of an overall secular bear market.
I think when GATA dies, the Gold Market will celebrate with a nice rally. |
