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To: John Hunt who wrote (39131)8/17/1999 5:45:00 AM
From: John Hunt  Respond to of 116790
 
Gold Market and Precious Metals Commentary - Bill Murphy

<< Uptown we go. Would you believe that gold closed higher every single day last week? The gains were small but steady.

Gold has broken out of a classically shaped saucer pattern to the upside, which is normally a very bullish technical development. The bullish consensus has risen only to 27 percent, which is low but represents a 10-14-point jump over the many week nadir of 13-17 percent.

The 20-year bear market in gold has ended. The price of gold will go much higher than most people think, and the risk/reward ratio of being long gold right now is as good as it gets. The price of gold should double over the coming year or two -- easily.

Silver continues to mark time and was hurt a bit this week by the soybean pullback and the unwinding of long silver/short gold spreads. The bullish consensus in silver is very low too at 34 percent, and that is constructive for its near price movement. The base in metals shares. During this time I have also presented to you my reasons. Recent developments are strengthening that analysis almost daily. Excitement is in the air. I can feel it. Something big is up. >>

... cont'd at ...

gold-eagle.com

A lengthy Gold Eagle article today by Bill Murphy.




To: John Hunt who wrote (39131)8/17/1999 7:09:00 AM
From: long-gone  Respond to of 116790
 
ot(?) - but a very good read

Systems Thinking & Judicial Failure
by James Wright
This is the Court of Chancery; which has its decaying houses and its blighted lands in every shire; which has its worn-out lunatic in every madhouse, and its dead in every churchyard; which has its ruined suitor, with his slipshod heels and threadbare dress, borrowing and begging through the round of every man?s acquaintance; which gives to monied might, the means abundantly of wearying out the right; which so exhausts finances, patience, courage, hope; so overthrows the brain and breaks the heart; that there is not an honorable man among its practitioners who would not give - who does not often give - the warning, "Suffer any wrong that can be done you, rather than come here!" ?Charles Dickens, Bleak House The founding fathers had no opportunity to read Dickens, who was born in 1812, or they might have reconsidered modeling the United States judicial system after the English. Things haven?t improved since Dickens? time. What appear to be the root causes of failure in the court system? Laissez Faire City Times readers can probably supply more, but I am aware of the following: 1) The perception that money wins over justice or truth, as Dickens protests in the quote above. 2) The perception that the legal system is far removed from any understanding of our lives, our needs or our concerns. 3) The perception that lawyers and judges live lives of privilege, power and influence beyond any reason or necessity. 4) The perception that the courts are overcrowded; it can take years to obtain process in any case. 5) The perception that the laws are made and interpreted without regard for logic, physical reality or common sense. This should be enough to supply grounds for discussion. Every system is perfectly designed, carefully maintained and precisely operated to give you exactly what you get. Where does this lead, in relation to the judiciary?(cont)
(http://www.zolatimes.com/V3.32/systems_judicial.htm)