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Gold/Mining/Energy : Gold Price Monitor

GDXJ 112.58

-1.5%

Dec 15 4:00 PM EST

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To: Hawkmoon who wrote (26709)	1/22/1999 9:15:00 AM
From: long-gone	Read Replies (1) of 116815

<<A buying panic would cause so much more damage than what almost occurred in August because it directly impacts the confidence in Fiat currency as it would imply inflationary pressures were evident requiring higher interest rates to cool the economy, INSTEAD of deflationary pressures where prices are falling (as represented by the global reserve currencies), and too many goods are chasing too few dollars.>> And what of the damage to us? What of the damage to the industries of mining and refining? What of the damage to families of the gold miners who have lost jobs? Or of the damage to the bourgeoning now free country of South Africa? Or damage to the mere essence of a free economy in Russia? Or damage to the basic of "buy and hold(average down into) good companies" idea of investment planning? Just how much of the idea a free economy must be destroyed "for the greater good" to satisfy these warped and misplaced sensibilities (oh, yes, and allow for even more and greater rewards for the scum that led us here)? How much more of this "good" can we and the free market stand? Are we willing to throw away the concept that "Scarcity will lead to profit"? How much more of this most vile of medicine will be good for us? Every prescription for every malady contains a L/D 50 - this means lethal dose. When will the patient(our economy) die for this "greater good"?

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