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To: d:oug who wrote (50959)	3/31/2000 1:41:00 AM
From: russet	Respond to of 116764

Bottom line: The market crashed,...and so does gold. Funny thing,...it's done it before, and it will do it again. Throw some bucks at technology, and you might actually make something this year. Buy the dips,...that's my tips (ggggggggggggggggg).

To: d:oug who wrote (50959)	3/31/2000 5:03:00 AM
From: William Harvey	Read Replies (2) \| Respond to of 116764

"<<The ESF scandal is the smoking gun, imo.>> I never got, or I forgot, ESF = ?" The Exchange Stabilization Fund (ESF) operates under sole control of the Secretary of the Treasury with the approval of the President. gold-eagle.com "There is now good evidence that the funds of the ESF have been misused by this Administration, particularly since 1995, to suppress the free market prices of certain commodities in order to mask inflation, reduce COLA Social Security payments, issue foreign aid without Congressional approval, and benefit certain banks and investment houses friendly to the Administration." Geez, when you look at the cost of credibility in doctoring the CPI numbers, you'ld think that every budgetary government officer is guilty of fraud, but the fact is that number 'massaging' has been going on for years without being noticed. By now, everyone is guilty by association and any connection to gold (or any other standard) would sink the ship for all. The crash of '87 showed us the difference between the floor traders at the NYSE and the NASDAQ. The NYSE specialists heroicly covered any big blocks dumped on the market and many firms went under as a result of those losses. Those firms connected with NASDAQ trading simply got out of the way of the falling blocks. '87 was a point of no return. Smoothing out the numbers is one way to avert a drastic result of the NASDAQ '87 crash. Imo, if there's any governmental mindset behind financial thinking, that may well be it. The fact that the NASDAQ recovered so quickly from the crash sort of preempts the government from enacting legislation to hamstring the NASDAQ so as to prevent a future occurrence. The fact that the ESF can stabilize currency fluctuations makes it an ideal candidate for manipulating POG. They have all the tools to do it. It's said that a bad experience will sometimes lose ten customers. If the ESF could tank the POG, 10 times as many investors would rush into the 'futurist' type stocks as were actually affected by the POG move. Time will tell. Today should be an interesting day. Do mutual fund managers want to go out of the quarter loaded with tech stocks or do they want to start dumping? WH