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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: carranza2 who wrote (25892)11/30/2007 7:26:32 PM
From: Maurice Winn  Read Replies (1) of 217592
 
Thanks for the summary C2. I would be surprised if there isn't some "conspiracy". The Hunt brothers tried it with silver [ooops for them]. Central bankers and gold stockists no doubt love to wheel and deal in $billions of gold, manipulating money, gold and other things as best they can.

Gold is subject to inflation and deflation. It zoomed from $35 an ounce to $800 an ounce and back to $270 an ounce and back to $800 an ounce.

I still think Uncle Al KBE was excellent. I thought he was a bit late cutting interest rates in Y2K which I assumed was because he wanted to put the bite on Al Gore so Republicans could win. I think I preferred the war on Saddam to the war on CO2 which Gore would have fought. We can't afford the war on CO2, which is like having a war against trees. I like trees [though not breaking my house]. Trees are much nicer than a glaciation.

While there's a risk of a financial crunch, I think so many people have bet on it that it probably won't happen. Though the delayed Wile E Coyote graph of FNM and FMC suggests people were not ready.

Mqurice
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