News on prospects that the Swiss finance ministry
and Swiss National Bank will sell 1,400 tons
of Swiss gold reserves. The yellow metal's price
plunged $8.30 to $316.40 on the December gold contract,
while the London afternoon fix was pegged at $316.65,
the lowest since July 9's $315.75.
as i stated yesterday, in the last two paragraphs
of the above post(313), my thoughts are:
"powers that be" are operating under the
pressure to preserve economic stability.
i'll back up and submit that these include "worldly powers"
quite beyond the U.S. --though U.S. broadcasted news
is what i end up hearing. in their broadcasts i can feel
an effort to quell feelings of instability.
i also feel some truth is lost that way, and at a cost;
in this case, the price of gold.
as "the powers" continue to work themselves into
their own relative corners, i expect the outcome to remain
relatively normal. though, pardoning the expression, i think
of the side effect as a teenagers pimple.
the longer gold must wait to attain center stage,
the greater the "pop"
as for moneta, i hold the banner high.
moneta's history, as well as the manner in which she
conducts her business assures me: she will remain
a fine contender, acheive her goals, and come out on top.
She's a pretty lady.
on the lighter side:
did you know, her porcupine mascots name is porkey?
he can be viewed at their websight.
dave |
