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To: Rarebird who wrote (56663)	7/23/2000 11:53:43 AM
From: long-gone	Respond to of 116815

key quote: "The reason: Too much ``souffle'' or ``wealth effect'' -- has been baked into this market. " my.netscape.com

To: Rarebird who wrote (56663)	7/23/2000 12:38:10 PM
From: PAUL ROBERTSON	Respond to of 116815

Wollenchuck{sp} would argue that the world is going crazy with growth and that many commodity supplies will be draw down, which does not necessarily mean a lower SM nor a lower greenback or gold for that matter. Have to agree with you on the economic cycles though, i believe that the whole of officialdom are being comforted into believing that they have just about everything under control. This is why they feel so good about letting gold go. Perhaps you are right, maybe some serious stock market trouble would shake things up for gold a little. paul

To: Rarebird who wrote (56663)	7/23/2000 2:08:50 PM
From: Enigma	Read Replies (2) \| Respond to of 116815

I don't think it's naive at all - there is a site which shows the percentage of total reserves for each CB that gold represents. To suggest that CBs could dump a reserve of this magnitude is in itself naive. And the last thing they would want is gold in the hands of 'the people'. Far better to dribble a little out each year and do whatever else they are alleged to be up to. If the name of they game is control then why on earth give away your ace in the hole. Far too many on this thread lose sight of this basic fact.

To: Rarebird who wrote (56663)	7/25/2000 6:53:45 AM
From: long-gone	Read Replies (1) \| Respond to of 116815

An out-of-towner drove his car into a ditch in a desolated area. Luckily, a local farmer came to help with his big strong horse named Buddy. He hitched Buddy up to the car and yelled, "Pull, Nellie, pull!" Buddy didn't move. Then the farmer hollered, "Pull, Buster, pull!" Buddy didn't respond. Once more the farmer commanded, "Pull, Coco, pull!" Nothing. Then the farmer nonchalantly said, "Pull, Buddy, pull!" And the horse easily dragged the car out of the ditch. The motorist was most appreciative and very curious. He asked the farmer why he called his horse by the wrong name three times. The farmer said, "Oh, Buddy is blind, and if he thought he was the only one pulling, he wouldn't even try!"