Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: d:oug who wrote (49177)	2/16/2000 11:48:00 PM
From: d:oug	Respond to of 116786

(GATA) Who will put Humpty Dumpty together after American's economic Chernobyl? Date: 2/16/00 8:59:40 PM EST From: LePatron@LeMetropoleCafe.com Le Metropole members Marshall Auerback has served commentary at The Hemingway Table entitled, "THE COSTS AND CONSEQUENCES OF AMERICAN 'REFORM'." In the most recent issue of Forbes now on newsstands; from the popular James W. Michaels who writes the "Skeptics Corner" column for that icon of financial magazines. "I'm no goldbug but I get a charge from lemetropolecafe.com a Web site that worships the shiny yellow metal. There's a lot of mumbo jumbo here about a global conspiracy against gold, but there's also some nifty bearish (on stocks, not gold) commentary from all over the world. These boys were really cheering when the price of gold spike early in February. A two-week trial is free but after that the maitre d' will ask you to sign up for $99 a year." [End] The Hemingway Table Discussion du Jour: US Financial Markets Marshall Auerback David W. Tice & Associates The Prudent Bear Fund February 16, 2000 THE COSTS AND CONSEQUENCES OF AMERICAN 'REFORM' We are in the midst of another tumultuous..... It is not just the stock market that is..... Today Marshall Auerback provides what we see as a most important analysis in light of the unfolding US financial crisis. His International Perspectives piece is titled THE COSTS AND CONSEQUENCES OF AMERICAN 'REFORM'. David Calleo, a professor of international politics has argued that "the international system breaks down not only because ... but also because declining powers, rather than adjusting ... try to cement their slipping pre-eminence into an exploitative hegemony". ... Calleo's provocative comments lead us to consider a number of issues. ... Or does the ideological rigidity embodied in such reforms risk engendering renewed global instability through visceral anti-Americanism? It is noteworthy that with the end of the cold war, the United States..... ... it is clear that such aggressive proselytizing has done much to undermine the idea of free trade and raised serious questions throughout the emerging world, particularly Asia, about the motives of the United States..... ... the words of leading Asia scholar, Chalmers Johnson, it constitutes "an anti-globalization time bomb that, if it explodes, could lead to mutually destructive protectionism and a huge contraction of global economic activity". Viewed within this context, the riots during the World Trade..... ... notably amongst the developing countries. Similarly, we must ask ourselves why a gang of "cyber-terrorists"..... ... are simply having their way - going across borders to knock down domestic cultures and homogenize the world". Perhaps these perceptions are wrong. We are by no means condoning the actions of computer hackers, anymore than we applaud the destruction of a Starbucks or McDonald's on the streets of Seattle or Davos. But we do feel that unless American policy makers demonstrate more sensitivity to this new dynamic, they risk..... ... which agitated most East Asians, but the fact that such valuations came about as a consequence of the economic advice given to them by the US Treasury/IMF in the first place. It seems odd to speak of a seemingly all-powerful, economically dynamic America being potentially at the mercy of a group of other nations. But the foundations of much of America's apparent economic virility is built up on a mountain of domestic private sector debt, and consequent savings flows from abroad. A country which has a group of policy makers..... In this regard, it is interesting to take note of the actions of Japan over the past year. After Michel Camdessus announced his retirement from the IMF last November, Japan wasted little time before nominating former Deputy Finance Minister for International Affairs, Eisuke Sakakibara, to replace him as managing director. Mr. Sakakibara had virtually no chance of being given serious consideration for the post. So was there another indirect message being delivered here? A year earlier, Mr. Sakakibara had delivered a very sophisticated attack against American-led "market fundamentalism". He argued that successive American attempts to remake the global capitalist system in its own image ultimately had the cumulative effect of..... ... Mr. Sakakibara argued that it was more important to make the world safe for different brands of national capitalism to prosper side by side. In proposing an IMF chief executive with a philosophy so at variance with that expressed by US policy makers, one wonders whether the Japanese were subtly attempting to seize leadership of this..... ... so there must have been some other goal at work here. Perhaps this was yet another step toward ... This movement can only be encouraged further by the continued refusal of American policy makers to sanction the Japanese proposal for an Asian Monetary Fund, which was revived again at the..... Americans like to believe that their ... But the evidence is building up that in the past decade the United States has largely used bluster, military force, and financial manipulation through bodies such as the IMF, as a means of carrying out its foreign policy initiatives and securing its perceived economic interests. This poses significant risks when the next financial crisis comes, particularly if the epicenter is Wall Street and the US financial system. Sooner or later, the current fragilities in the American financial system will become apparent for all to see, and a counterbalancing force will emerge which may not think it in their interests to put Humpty Dumpty together again. If American policy makers are not prepared to adjust and accommodate to ... they may find themselves without support and help when confronting their own economic Chernobyl. Marshall Auerback, David W. Tice & Associates, The Prudent Bear Fund [End.] Bill Murphy, Le Patron, Le Metropole Cafe Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org GATA related articles can be obtained at the pay for view site. Le Metropole Cafe lemetropolecafe.com

To: d:oug who wrote (49177)	2/17/2000 7:11:00 AM
From: John Paquet	Respond to of 116786

Doug, really, that music tune that e like to sing means a lots....."Nasdaq is in blue, Dow is in red, gold is yellow and shinning, and XAU are real BULL>>>>""""" Here we go, gold yesterday completed its second leg bottom testing. It came out successfully, the first leg bottomed at $298.50 and yesterday bottomed at $299.70, the second leg is higher than first leg indicating and confirming gold is in the major BULL market. Now as I said before Gold aApril contracts is formatting a GORGEOUS AND THE MOST BEAUTIFUL "W" SHAPE PATTERN WHICH I DESCRIBED AS THE MOST SIGNIFICANTLY PATTERN FOR GOLG PRICE ACTION WHICH BTW WILL TAKE PLACE WITHIN HOURS. The price action suggests that gold will decisively break that $323 and heading to that $347.50 as the first moj, the sencond moj will be that $393....... and then we shall see how thing comes out maybe that $417.50 is insight, maybe that super bull targetting $600 is insight also. Anyway, one step at a time, today will be a very profitable day for all the gold bugs. John Paquet