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To: d:oug who wrote (46363)	12/29/1999 1:02:00 AM
From: Michael Collings	Read Replies (2) \| Respond to of 116982

In case Richard hasn't already posted this article....... gold-eagle.com

To: d:oug who wrote (46363)	12/31/1999 7:00:00 AM
From: d:oug	Respond to of 116982

(GATA News) Goldman Sachs, AS EXPECTED... What a predictable joke! Subj: David Tice - Inflation Watch - Day 43 / GATA Date: 12/30/99 10:13:23 PM EST From: LePatron@LeMetropoleCafe.com To: dougak Goldman Sachs, AS EXPECTED, sold gold during the last 20 minutes today on Comex to knock the price down $2 and erase most of the recent gains. What a predictable joke! Wake up gold world! Meetings with former Federal attorneys Ethan Stroud and John Feather began today and our future GATA course of action was discussed and examined thorougly. The meeting was very productive and if all goes well I expect that GATA will strike on the legal front before Feb. 1, 2000. Of course, unforeseen obstacles may set that timetable back, but that is our plan. What we are up to will be revealed at the appropriate time. You might like to know that at one time Ethan Stroud's father was the CEO of the Federal Reserve Bank of Dallas and was their senior counsel when he passed away. Ethan has become one of Dallas' most prominent attorneys. John Feather was the editor of the Baylor Law Review and was also a law professor at SMU at one time and now has a very successful law practice in Houston, Texas. Both gentlemen are very well connected politically in Texas and are personal friends and former associates with the senior partners of Dallas's most prestigious law firms. The Hemingway Table Discussion du Jour: US Financial Markets David Tice The Prudent Bear Fund ticed@prodigy.net December 29, 1999 Inflation Watch - Day 43 Today was day 43 in what continues to be an historic period of absolutely destructive speculation..... Yesterday also saw what we view as a key report of stronger than expected existing home sales. Many see a slowing housing sector playing an important role in fostering a so-called soft landing. Our view is..... ... until the stock market bubble is pierced. We can't help but to think back to November's ... that will put additional stress on an already stretched and dysfunctional economy. And it is not just domestic factors that are increasing the risk of problematic bottlenecks and inflationary pressures going forward. Apparently fueled by strong orders for exports and increased consumer spending, the confidence level of..... ... Although credit growth is seemingly off the radar screens of the Federal Reserve, we strongly suspect that such credit excess does not go unnoticed by European central bankers. In Asia, there are increasing signs that an industrial boom has..... Sometimes we feel like we are living on a different planet than the guests that pontificate on CNBC. Yesterday a bullish money manager noted that although everything looks wonderful, there are two issues that could next year provide potential potholes for the bull market. The first was the presidential cycle and the second was the potential for too many IPOs. Well, in the grand scheme of things, his two factors don't rank very high on our very long list of potential problems. Instead, we think he and the vast majority of market participants are missing the two key issues for 2000. First is..... ... The second negative factor for 2000 is the momentous financial free-for-all that has unmistakably moved to a new degree of catastrophic speculative and credit excess..... ... is the absolute essence of asset inflation and a dangerous bubble. We have absolutely no doubt that this is a fiasco in the making. Increasingly, we see the marketplace beginning to discount the..... So, at the minimum, we now have strong inflationary pressures in housing, oil, chemicals, industrial metals, and medical costs. Going forward, we see import prices as key. Keeping in mind that we will soon be importing an astonishing $100 billion of goods monthly, any general price pressures will have considerable effect on our overall inflation picture. One thing is certain, the period of declining import prices has ended and any expectation of reduced inflation over the coming months is no more than wishful thinking by the bulls. Much more likely..... ... This is one perilous mania. [END] I hope all of you have a wonderful and Happy New Years Evening followed by a healthy year 2000. Next year is OUR year. All the best, Bill Murphy For new readers, the above mention of GATA is as follows. Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org Also, GATA related articles can be obtained at the pay for view site. Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com