the mission the powers that be are promoting -
is to redirect small investor money to remain in their own markets.
i would describe a stagnation, (status quo), against gold.
on oct 24, U. S. markets were adjusted in a controlled way.
as you can see, with people keeping the brakes on gold,
the money consequently flowed into bonds friday.
from where i sit this was nervous money
guided by well monitored news "fractures"
from your post-
your Mr Mersch has it right when he remembers the past saying:
* "I sort of ignored the commodity and just focused on
the companies themselves to see if there's growth,
and what their balance sheets looked like,
and if they will be able to finance it.
I can't guess where the commodity (gold) is
- I know it's at the lower end of its trading range.
In essence, I still need good growth companies
that trade at low multiples.
"This is a good time to keep a low profile
and just pick up some stuff".*
It shouldn't hurt our feelings when the "powers that be"
drive a nail into the lid of their short term window -
(Mr. Mersch says the gold's have been hit,
and will be hit further, by tax-loss selling.)
- economically speaking the invisable hand will continue
to equalise things, but it must be remembered that
governments operate in the interest of their economies
as opposed to the interests of we individuals,
whose behavior is naturally reguard by them
as "sheep like".
the swinging door, in favor of status quo for now,
really can't go that way much further
though talk of this has been going on for years.
big and knowledgeable players will quietely accumulate
as the sheep "watch tv or something."
when we finally decide to buy,
those who benefit handsonely will be the first;
sadly enough, at the expense of those who follow.
much as a doctor's perscription has a side effect,
pent-up strength has been developing behind
"the door", which will naturally effect the magnitude
of its swing; afterwords, the big guys will be selling.
most of the sheep will then remain in limbo holding at minor
losses and gains. their investment will be in canadian
as opposed to their own respective country stocks and
bonds, thankfull or not.
Pardon me for saying: it's easy to see
the mid term "foreign interests", as opposed to canadian,
as generally pro their own economies
rather than the price of gold.
their governing bodies would sooner see the threat of gold "pop",
(i refer to post #314 and previous), simply reabsorb itself
into their own economies and go away. as a result they could
openly vindicate their actions if necessary, but who would
take them to task for slanting the news, as they are
the powers that be?
Swiss cheese has some holes. and the Russian gold dump -
www4.techstocks.com
- was under caps until completion. Reading between the lines
is quite necesary.
i beleive Russia had to do it, but will be active with
mining agreements on her tundra within 2 or 3 years.
and that Switzerland is creating her oppertunity to
sell gold after 1999, not because she has to, so much
as she knows the pog -(price of gold) will be up.
in summery:
yesterday in the U.S. - bonds won this time.
(good for government financing)
and the market took a minor but necessary adjustment hit -
in the interest of market stability and the face of insecurity
rather than a wicked downward fly, thanks to news "slanted
to indicate the swiss were down-playing gold."
in that we tend to be blinded from real forces
by news bending and such, i feel the need to think,
sometimes talk; about moneta with this in mind.
the general concesus, true or false as it may be,
is a real part of the playing field;
and insecurity as well as how it is manipulated
should be considered "big names" in the game.
dave |
