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Strategies & Market Trends : Strictly: Drilling II
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To: Northern Marlin who wrote (23943)12/21/2002 8:03:47 PM
From: augieboo  Read Replies (3) of 36161
 
Phil, IMHO Sinclair's claims about gold are not supported
by the text of Greenspan's remarks. Sinclair's thesis
rests for support on the fact that the word "gold" appears
in the first paragraph of Greenie's speech. This is just
silly. Greenie mentions gold at the beginning of his
speech because he is giving a history of monetary policy,
beginning with the 1920s/30s. There is nothing further in
Greenie's remarks which even hints, IMHO, that gold is or
will be a part of his monetary tool kit.

augie
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