Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (20629)	7/1/2002 1:05:23 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

Hi Ray: my penchant to poetic BS ... sorry. Let me try again. The stability of the financial system, as it stands or leans at the moment, is very much dependent on the exploding amount of derivatives. From this perspective gold (with its shorts and longs etc) is unimportant, actually negligible, when compared to the situation in the interest rate arena. If things changed since zealllc.com and 321gold.com I would sure appreciate to hear about it. re leaking bathtub - I just cant see, how US can keep the interest rates at the current level for much longer.

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