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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (35763)	6/24/1999
From: Lalit Jain	Respond to of 116790

Richard, Is this the end of low interest rates along with slightly higher inflation ? I think if the Feds increase rates aggressively, it will be a big mistake. Most countries, other than the US, are just starting to turn around. High interest rates would kill this recovery. Regards, Lalit Jain

To: long-gone who wrote (35763)	6/24/1999 12:56:00 AM
From: PaulM	Respond to of 116790

Worth a Repost Every Month: STING AND PONZI SCHEME (July 1997) "As long as gold keeps going down or the yen keeps going down, no problem. As long as bonds keep going up, no problem. But once gold starts to rise, or the yen starts to rise; or once bonds start to fall, these huge positions would be unwound. There would be a run for the exits, and the panic would feed on itself. Margin calls would ruin the leveraged speculator in short order. There would be no way to stop the carnage...." gold-eagle.com Richard, I think 7.75% scenario is overly bond bullish. In light of all this, is it any wonder Greenspan organized a bailout of LTCM to "slow" its liquidation? Any wonder rates rise quickly though the Fed refuses to follow? Any surprise the BOJ is forced to buy dollars and sell yen, though they've suffered extensive long term losses on their already huge dollar positions? Any surprise that the regulators of the LBMA want the IMF and BOE to sell gold? Or that we have a fictional CPI? Manipulation goes way beyond the gold industry and so will the pain.