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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

4:00 PM EST

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To: Alex who wrote (28440)	2/17/1999 6:48:00 AM
From: Mark Bartlett	Read Replies (1) of 116857

Alex, <<But the only thing they didn't and couldn't hedge against was the loss of confidence. >> <<World regulators have been ex-tending the public-private partnership so long that no one can even imagine the separation of government and economy, much less the separation of government and capital markets. By promoting confidence over value creation, they perpetrate a gross fraud on the American public, not unlike the welfare scam perpetrated on the poor. It is a system ill-suited for the private management of the world's long-term capital. Rather, it is the system best suited for long-term capital destruction. >> Excellenrt article - the above quotes IMO say it all .... this is what scares the hell out of me - and why IMHO gold is still needed .... if we get to that point, no paper/currence/derivative will suffice. MB

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