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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: philv who wrote (19425)10/22/2003 7:44:42 PM
From: sea_urchin  Read Replies (1) of 81954
 
Phil, here's a piece which agrees with your opinion.

mips1.net

>>>Hart said none of the structural weakness of the US economy – a budget deficit of $378 billion and a borrowing requirement of $560 billion – had disappeared. “If anything, it’s gotten worse. They’re projecting a deficit of $600 billion, or 6 percent of GDP, next year,” he said. Financing the deficit, he said, would also become trickier, given that foreigners had been less enthusiastic buyers of bonds.

The upshot is a bullish outlook for gold, said Hart, despite the fact that Snow’s forecast has spawned a flood of comments from analysts and commentators, suggesting an uncertain future for gold.<<<

PS. I love those comments by the goldbugs at the end of the story. And God help anyone who disagrees with them --- they will tear him limb from limb!
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