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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (209939)12/17/2002 9:37:57 PM
From: Earlie  Read Replies (1) of 436258
 
Luc:

Poor advice, with the greenback in freefall. So long as the greenback printing presses continue to run day and night, gold is the only protection J6P has. Gold stocks have also been the best performer for the past year.

Gold at $330 or above, also unleashes a gigantic nightmare for the bullion dealers. Playing footsie with the Fed over the last few years has left them holding a multi-ton short position on the physical stuff. Unless the Fed monetizes this hairball, gold has no place to go but up. "Never bet against the Fed"? Baloney says I. The fed has its pants down around its ankles on so many fronts that it isn't a matter of whether, just when, its foolish house of cards comes tumbling down. Unfortunately, it will take much of the population with it.

Best, Earlie

Best, Earlie
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