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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: hunchback who wrote (122674)9/17/2001 11:10:20 AM
From: pater tenebrarum  Read Replies (2) of 436258
 
COMEX gold inventories have actually plunged from over 2m. oz. at the beginning of the year to the current 700K+ oz., so someone has withdrawn a pretty hefty amount already.

it is my considered opinion that the events merely aid a gold bull market that has already begun - upward pressure on the gold price should remain in evidence, beyond the immediate panic spike, because we can count on the central banks printing like crazy as well as the US government engaging in a huge bout of deficit spending. kiss the surplus good-bye...

gold remains the only true hedge against government and central bank profligacy, no matter what the reason for same is.
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