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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (23106)	12/9/2004 12:12:44 PM
From: ild	Read Replies (1) of 110194

Date: Thu Dec 09 2004 12:02 trotsky (Hambone) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i agree of course. the lower interest rates go, the lower the opportunity cost of holding gold...one of the most important factors supporting the gold price. Date: Thu Dec 09 2004 11:56 trotsky (strat, 10:17) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "Higher interest rates are a given though" so you, and almost everybody else, keep saying. and yet, interest rates have chosen not to comply and keep falling. so apparently higher rates are not a 'given'. of course i personally believe that far lower rates are in store long term. it's almost a 'given' to me. Date: Thu Dec 09 2004 11:50 trotsky (rijjj@Murphy) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved GATA's 'bombshells' usually consist of unproved wild-ass allegations. looks to me like the bulliondesk guys were quite right in pointing out that Turk apparently neither read the GLD prospectus nor did he make an effort to talk to the trustees in order to clear up whatever wasn't clear to him. but then he DOES offer a competing product, does he not? according to Murphy, no matter what happens in the gold market, it must a priori be assumed to be part of a grand nefarious conspiracy. every down tick in the gold price can be traced back to this criminal enterprise. if anyone publicly disagrees with these assertions ( which one must always point out remain allegations without a shred of proof ) one becomes the subject of vilification and vicious attacks. Murphy brooks no dissent - he acts like a Soviet commissar. imo this guy is damaging gold's image as an avenue for investment by constantly making gold investors look like a branch of the tinfoil hat brigade. the most ironic aspect of this latest spat has to be that after regaling the WGC for years that it should market gold as an investment ( as opposed to its jewellery marketing efforts ) GATA has nothing better to do than whine and complain when that finally happens. it should be obvious that the various gold ETFs that have been launched all over the world are extremely positive in terms of spurring investment demand for gold. why supposed gold advocates would waste time denigrating them is truly beyond me.

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