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

To: Professor Dotcomm who wrote (62715)	1/16/2001 3:15:22 PM
From: Claude Cormier	Respond to of 116787

<Trouble is that in the long term we are all dead. > Right!. But you know how things can change rapidly in todays market. The NAZ triple in a few years and lost 50% in a few months. Have you read about the current explosion in M3, corporate debts and morgtgage refinancing? These are exceptional times. <My concerns center mainly with the frivolous way central banks are making money with their otherwise inert gold reserves. These were placed to act as reserves and not as casino chips to play derivatives. At least the BOE is selling at regular auctions rather than playing the derivative game> No doubt a major concern... but also a game that cannot last. At one point, there is no more gold to lease. <At least the BOE is selling at regular auctions rather than playing the derivative game.> True... even if their actions are questionable and appears to be part of the manipulatin schemes..that is if you believe there is one. <...excepting perhaps the US since its $ is the reserve currency> Can it be for much longer ?? When there is too much of a currency arround for the goods and services available, people dump it and start looking for an alternative. These charts of the expansion of US broad money supply tells the story: goldensextant.com C My concerns center mainly with the frivolous way central banks are making money with their otherwise inert gold reserves. These were placed to act as reserves and not as casino chips to play derivatives. At least the BOE is selling at regular auctions rather than playing the derivative game. I still believe the best medium course is to see central bank reserves sold into the market - excepting perhaps the US since its $ is the reserve currency. This would represent short term pain but it would disinfect the market of all these derivative plays.