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To: SliderOnTheBlack who wrote (75938)10/10/2000 4:41:13 PM
From: BigBull  Respond to of 95453
 
Slider, you have reminded us of Greenspans warning to derivatives houses and stated that he won't bail them out.

Frankly, I don't think he has much choice. He must and is pumping. It is the ONLY way out now, the tried and true method - debauch the currency. Watch what he does, not says, imo. Wait till M1 EXPLODES with the recent stock market selloff. Then all M's will start ballooning as he continues to pump away the bad debt. Only then, and dimly will people begin to realize the meaning of fiat currency. It could be a long inflation cycle. Just like the seventies. i wonder if Mr. Greenspan is actively considering retirement? He is 70 you know. <vbg>



To: SliderOnTheBlack who wrote (75938)10/10/2000 10:30:34 PM
From: Roebear  Read Replies (1) | Respond to of 95453
 
Slider,OT

"with one tighly puckered you know what"
ROTFLOL!
You had company, as often as I've been through this with gold, it doesn't get any easier on the part that puckers, even though we were heading into targets we both expected, VBG.
I loaded up this morning, when the tape gave permission to relax a bit, especially on my favorite AEM. I am back into margin somewhat.

George Cole post you linked was excellent and my hat's off to both of you for it. It's the Truth, but this government, this market and to an extent the populace does not want to acknowledge that Truth, because then the party's over and its time to go back to the grind.

Yet despite all the denial, this could well be Inflection Point City, with a mad Piper (does he look like Soros or Buffet, my bets on Soros) banging on the gates to be paid or he'll lead all the techie daytraders away.

We'll know soon enough if there is virtue in buying on the golden puckers!

LOL

Roebear