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To: goldsnow who wrote (37206)	7/15/1999 10:49:00 PM
From: Hawkmoon	Respond to of 116898

Ron, So much for transparency..BOE unsurpassed stupidity will surely give a very memorable lesson to any other CB inspiring to sell... Yep.... They'll just sell and not tell anyone (the rumours will take care of that), which will put the BOE at a distinct disadvantage. I'm sure the Swiss are very keen on selling their proposed allotment of gold while the selling is good. Now there will be no transparency and the gold markets will resort to the "old ways". Regards, Ron

To: goldsnow who wrote (37206)	7/16/1999 12:58:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116898

< So much for transparency...BOE unsurpassed stupidity will surely give a memorable lesson to any other CB inspiring to sell...> What is the " memorable lesson " here, Goldsnow? England is obviously looking to devalue their currency by selling their Gold reserves. What is "stupid" about that? England's intention is to make their exports more attractive to U.S. consumers. Presently, the U.S. economy is the super engine of growth for the whole global economy. Why shouldn't the whole world devalue their currencies to make their exports more attractive to the greatest market in the world? The average American consumer is, of course, cooperating fully by over-leveraging himself in a great pile of debt so he can buy all the cheap imports and invest in the U.S. Stock Market. The BOE's "stupid" decision to sell its Gold is merely a link in a whole "stupid" chain. The question is: What link in the global economy breaks the chain here? Is it Y2K? I think so. To be sure, a Bear Market will bring down the whole global economy to its knees and cause a major recession, to say the least. As the dollar declines, Gold will surge. What will be the catalyst? Supreme Over-Valuation has not done it yet.

To: goldsnow who wrote (37206)	7/16/1999 5:26:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116898

excellent point .. what made the africans change their mind about finally telling it the way it is..I have asked this before.. anyways..times are getting more interesting...I can't believe the news media..are they just dumb reporters - the oj trial taught americans a lot.. a very bright friend of mine who was born in Haiti said now a lot of whites know how it feels when you are not a part of system..so many were outraged by "justice" but she pointed out how many blacks never got a fair trial..she called it a form of poetic justice.. wonder if GATA contacted Jesse Jackson re gold sales and African nations besides the other countries so dependent on gold producing.. more prejudice..also I find it scarey that people associate goldman sachs with Jews...ha..what has greenspan and rubin helped create.. ((you should send them a title of a book to read) I started giggling a bit last nite..I though of gold and I thought of paper..maybe I am off but I think it is a losing battle for the central bankers to try to take the luster off the beautiful metal.. what is the expression about a thing of beauty.. anyways sounds as if there is more to go for us stock market and bonds as the rest of the world stutters and stalls.. I still don't see wage inflation..with all the mergers ..I do see more antiamerican sentiment..what a joke..we are the only country in the world who is made up of immigrants from all over the world except for the native american indians..