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To: pater tenebrarum who wrote (11790)8/17/2000 1:24:36 PM
From: chic_hearne  Read Replies (4) | Respond to of 436258
 
Re: gold will only leave the cage IF and when the dollar drops significantly. it will certainly not react to the government's "statistics".

heinz, this is true that it won't react to "statistics". The problem I see is that the gov cannot keep cooking the books for too much longer. They are like Intel, once you have pulled out all the stops, what next?

One thing is for sure, this is getting real interesting. I'm starting to think we cruise through the election, but all hell could break loose anytime after that...

chic



To: pater tenebrarum who wrote (11790)8/17/2000 9:33:45 PM
From: Archie Meeties  Read Replies (1) | Respond to of 436258
 
The stats will show something - but only after it's apparent to everybody and at an opportune time to justify more rate hikes.

You know as well as I do that those who still trust gold have long ago learned to ignore government statistics, especially in an election year. They will be sellers of dollars and buyers of gold when the handwriting is on the wall.

And about oil - I don't think it will be ignored much longer. It's on everybody's mind, clowns included. Up until now the myth of massive OPEC supply and independence from crude has dominated popular thinking. Now the question has become "Is it really just a supply problem?"