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

To: Zardoz who wrote (62078)	12/19/2000 11:33:49 PM
From: d:oug	Read Replies (3) \| Respond to of 116871

... And the significant of this ? [Hutch] Open your ears Hutch and listen to what the words say. ... Triggers for a gold price... $500 in 2001 could include... waning confidence in paper instruments... aSoon Hutch your many years of eXtra Good Returns from your professional job in the derivatives markets, moving those pieces of paper from there to where to over yonder without worry about snow, sleet or rain will disappear like old dirty snow in a warm Spring rain. Those paper instruments you work are like the fiat money and instant credit of today's empty promises and GSEs that have the legal rights granted to them by a criminal in spirit government. This dirty snow will soon see the bright light of truth, and once it melts away those folks who hold it last will hold nothing of value for that which they exchanged something of value, trusting those who deal in this stuff that their words were honest and true that these paper instruments have a value more than the fibers they contain as if made in toilet paper. So Hutch, after your job profession is run out of town tared & feathered and you are flipping burgers at Great Bergers and folks ask what you did before being one of the luck ones getting this job in this 1929 depression era alikeness, do not tell them that you were one of those that created and sold those paper objects backed with something less than fools gold. Yes Hutch make like a squirrel and hide away your current returns, just don't hide away those objects that can not weather sleet snow or rain, but something that can not be corrupted and corrode and become worthless as those paper sheets of toilet paper you now "move", something like ... you guessed it, physical gold. Or something back by gold, as in shares in a gold mine. doug

To: Zardoz who wrote (62078)	12/20/2000 1:38:42 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 116871

Hutch ? You obviously seem to be a bright fellow; but why all the continual angst here ? I'm not a regular poster here; I am at the Strictly Drilling - Oilpatch thread. I'm also not a a traditional Gold Bug in way, shape, or form; never have been and may not be again for another 10 years; but I have "just jumped on the Band Wagon - without riding the spec down from before"... and I don't feel I am guessing ? What is there to guess about ? That the US Dollar was looking "toppish" - unsusatainble given our account deficit & the stress fractures it was creating for US corportate profits let alone other foreign currencies & economies ? That the POG is trading off the US dollar; that the US Dollar looks as if its going to correct off of Fed Cuts, foreign repatriation and its own technical & fundamental unsustainability ? That Gold never needs a mass sentiment change; only a change by a very small amount of investors to make very big changes in this micro market ? Or, as I've been saying for a while - the "If not here & now - then when" factor ? Individaual Gold & Silver stocks reached 5 year, 10 year and even alltime lows in shareprices - along with the cheapest fundamental valuation metrics of price to ounces produced, or ounces in reserve ? Given we're now more obviously than ever; correcting from a vastly overvalued speculative excess broad equity market - could there ever potentially be a greater amount of $ "fleeing to safety" ? And the short position; yes it's arguable; but what is NOT arguable - is what happened in Sept 1999 - not with the next reporting quarter showing all those banks (JPM Chase Deutsche etal) ramping up their gold shorts... it's a matter of how much Gold they shorted at the behest of the ESF; not that they did. It is obvious to anyone that part of the ESF's role in stabilizing the US Markets was to maximize the attractiveness of the US Dollar for Foreign Investment and to minimize the risk of inflation... and as Gold has continually been a primary barometer for inflation and/or market risk - why wouldn't manipulating & supressing - ie: "stabilizing" the POG be Job 1 for the ESF ? - it would have to be and it was. If one accepts the premise that King Dollar was a goal of this Fed; then supressing Gold would go hand in hand...and given Rubins link to Wall Street - why would not the LongTerm Capitals of the world borrow all the damn Gold they could at 1% to 1.5% interest rates/carrying costs and leverage the proceeds long in the US Dollar/Currency Futures- if they knew the Fed/Rubins longterm policy.... hell now wonder they called it "Longterm" capital Management (VBG) ~ it should have been called the Rubin-ride fund imo.... I say once again; Gold - if not here & now; when ? - and I "aint" guessing.