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

To: Alex who wrote (57334)	8/16/2000 1:19:59 AM
From: PaulM	Read Replies (1) \| Respond to of 116927

ON BORROWED TIME prudentbear.com P.S. FWIW, my guess is that now, today, we are in the next, big down leg in US financial assets, particularly stocks. I just don't see where the needed liquidity can come from anymore. Not the public. They're in debt up their eye-balls. Not Greenspan because he has to worry about foreign inflows (and more specifically, the "foreign inflows" of US financial insitutions whose affiliates borrow abroad to defend positions at home--like LTCM and the yen carry trade). Not Japan, where Yen carry positions have been unwinding since 1998/LTCM (and despite repeated attempts to halt the yen's advance). And not Europe anymore either, as the ECB doesn't seem to want to play along with the let's-pretend-there's-no-inflation game.