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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST

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To: John Hunt who wrote (31342)4/8/1999 10:31:00 AM
From: Ken Benes  Read Replies (3) of 116791
 
There is nothing in your report that is not true. However, the report has to be qualified by a when and if the scheme will fail. One of the main focuses of this board is to monitor every little blip, nuance, dislocation, etc occurring in the world and extrapolate that event to the imminent collapse of the world economy and the concomitant ascendancy of gold. What a fruitless occupation. While the gimmickry is real, the resources and ability of the collective central banks is also very real and countervails a lot of the stresses inherent in the various carry trades.
On the other side of the scale is the reality that the US is the sole world power, and as being demonstrated in Serbia, there is very little opposition to us. Our military operates with impunity, and future operations will have the benefit of continuing technological advances applied to new weapon systems. The synergy of military strength, technological innovation, and our expanding economic position are powerful counterbalances to the derivative implosion theory which this board clings to as the Armegeddon which will make their gold positions profitable. What a waste of energy.

Ken
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