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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Enigma who wrote (33417)	5/8/1999 8:07:00 AM
From: Bearcatbob	Read Replies (1) of 116764

DD, The reason CBs want the gold price to fall is that it gives a message of no inflation while the fed is desparately pumping liquidity into the world. For now it is showing up as a bubble in financial assests and therefore people feel wealthy and interest rates stay low. If inflation psychology starts to show the party will soon be over as interest rates will rise - the financial bubble will burst - and all those who have sold thier intellects to Slick Willie for a good Dow Jones will begin to realize what a bubble this has been. IMHO it is absolutely critical that the Fed keep the price of gold down. The Brits are Slicks pal in everything. This time instead of Serbia - they took the lead on gold busting. Again - absolutely critical to Western politicians to keep the price of gold low. Oh yeah, and as for thier friends now in power in South Africa - well tough! They are no longer politically important to the left! Bob

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