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

To: long-gone who wrote (57235)	8/13/2000 10:24:47 AM
From: Rarebird	Read Replies (1) \| Respond to of 116927

<Stealing from those near bottom to give to those near top is beyond justification.> I don't consider CB gold sales or leasing arrangements to be stealing. Actually, it is legal and that's why I wouldn't give GATA a penny. IMO GATA does not understand what a free market is. The fact that Bill Murphy left this gold thread when he was asked honest questions and refused to address the valid criticisms that many here posed, showed how inept his understanding of free markets is. GATA is a disgrace to the Gold Market and to the concept of free markets in general. The CB's are the portfolio managers for their respective countries and they have the right to buy and sell all the currencies that trade on the Future's Market, just like an individual trader does. The issue for Gold, as I see it, is whether the US economy moves into a hard or soft landing in 2001 and what impact future economic policies by Bush or Gore will have on growth, along with Greenspan having raised interest rates 175 basis points over the past year. Most astute investors/traders/money managers think that a 7% Fed Funds Rate represents the point where a hard landing or recession comes about in 2001. IMO that depends on who gets elected. If Bush gets elected, the impact of spending cuts will put further pressure on growth to cause a hard landing in 2001 even if Greenspan leaves the Fed Funds Rate at 6.5% here. If Gore gets elected and we get a continuation of Clinton's economic policies, a soft landing is likely if Greenspan leaves rates alone here. As far as the Bush/Gore election is concerned, I actually like Bush from an economic standpoint more than Gore. I'm just disappointed in Bush that he has to pander to cheap special political interests like the "Moral Majority," when in point of fact, he was not raised that way, and the whole Bush family is personally religiously tolerant. Hillary has opened up a 5 point lead over the Republican Lazio here in NYS. New York State(and the North East) is very Pro Clinton. A recent poll shows 67% of people living in New York State (not just NYC) giving their approval for the President. Special Political Interest groups like the "Moral Majority", which give enormous campaign contributions, may very well be the eventual downfall of Bush here come November. If the equity market rallies in the Sep/Oct time period, Bush is a loser. The stock market is the economy and the American People will vote, as always, their portfolio and pocket book. PS The Japanese Economy is much more important to the POG than who becomes President here.