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

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To: Mike M2 who wrote (185575)8/2/2002 2:25:25 PM
From: SouthFloridaGuy  Read Replies (2) of 436258
 
I am a believer that the market is bigger than any one entity or even a cartel. If gold and silver were going to rally, the Commercials would be all over it and nobody could do anything about it.

Smart money is smart for a reason.

As much as I hate Bob Pis-ant-i, his famous words, "gold ain't going anywhere," are true for now.

I don't deny you the legitimacy of gold as the ultimate form of money, but ALL money is prone to supply and demand and paper currencies aren't going nowhere during a deflationary period - by definition it means there is a shortage of paper due to the destruction of credit.

I suspect gold will have its day AFTER the bear market ravages assets - and a fine day it will be.
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