Paul,
You have it nailed, in my opinion. Simply you are right. Money supply is going way up,but the smartest people in the world have gummed things up badly. You may have seen on a Gold Monitor Post that I will report that Lehman is also toast in addition to Banker' Trust, which we have already spoken of in past commentary . Greenspans rate cuts are for good reasons and what you have suggested and I am coming out in public commentary, are some of the reasons.
I do not want to be the proverbial pitch man, at least not be too blatant about it, but if you check in to my Cafe, www.lemetropolecafe.com , and look at all the commentary over the past 5 weeks, you will see clearly that me and my "economic dream team are on target. The general equity maket is katputski and the gold market will soar and soar.
The Fed, and we say why, is desperately trying to hold the price down. It will not work for too much longer. We have uncovered the fact that the Chinese AND Japanese are accumulating gold at these rediculously low prices while "know nothings" dump it. If you check into the cafe you will learn one of the reasons they are buying. It is extraordinarily bullish for gold and few are aware of what is happening.
Ah well. Time to calm down. Bottom line is- you are right.
Bill |
