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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (7437)	12/26/2007 7:28:23 PM
From: pogohere	Read Replies (1) of 50115

"Central bankers have added unprecedented levels of liquidity, and with an unprecedented level of coordination and cooperation between each other. . . . From the Bank of Japan jawboning the Yen - trying to keep Yen-carry traders in check, to Ben Bernanke talking tough about headline inflation, while simultaneous turning up the printing presses to hyper-drive... to Jean "Tricky" Trichett trying to keep FX traders on their toes by injecting an incredible 350 Billion Euros ($500 Billion in US Dollars), and then withdrawing 420 Billion Euros just days later... Central bankers are using coordinated market intervention like never before. . . . With this unprecedented level of coordinated intervention, liquidity injections, and money supply growth by global central bankers... any correction in gold, or gold stocks into "present" fundamentals - is a back up the truck trading and buying opportunity." Intervention: yes liquidity: no see: Are the Fed and the ECB Misleading Investors About Liquidity? at: hussmanfunds.com It's important to get this straight and not let the drama obscure the facts. Intervention, yes, liquidity, no--unless someone can demonstrate otherwise. And yes, I'm on board with gold equities. Tis the season to be gold jolly and stay that way for a while.

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