PM & Base Metals, insight, movers, Jr-Mid-Sr mining plays, a Message Board

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Gold/Mining/Energy : PM & Base Metals, insight, movers, Jr-Mid-Sr mining plays, a

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From: stepup_keepup	9/20/2007 2:00:40 AM
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As I start this board Gold futures rose with the Feds decision to cut the benchmark federal funds rate for the 1st time in more than 4 yrs and ongoing dollar weakness helping to lift prices to a close near USD$730 an ounce. The Fed had a hard decision to craft; not wanting to bail out the financial institutions that made bad loans on mortgages, the Fed was faced with doing the right thing for the good of the nation… which included helping out those same financial institutions. In my opinion the wrong move was made as from time to time we need to teach people… generations a lesson; the lesson of paying for complacency, laziness, ignorance, and arrogance. The US is becoming the laughing stock of the world and the currency is weakening at an accelerating pace relative to others and in the attempt to save the populace from hardship of recession we inflict the likelihood of an inevitable worse fait of spiralling inflation. What is the longer term view for gold per ounce… I bet gold will hit USD$2,000 before it hits USD$400.

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