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To: Zeev Hed who wrote (63941)	2/18/2001 12:31:37 AM
From: Ahda	Respond to of 116767

The one flaw in this just accept bit is that telecommunications instant knowledge on the part of other peoples was not so instant as it is now. Now i think the define and act accordingly bit. Do I take a piece of chalk and write politics on the black board? Do we approaching a slumping economy as we recommended to Japan. Please people start to spend. Though i am confused I do know there is a house where I live now for sale for $1,800,OOO. No depression of the free market going on over here. I try to classify this as over evaluation. Heck it could not possibly be just too many dollars and they aren't worth as much.

To: Zeev Hed who wrote (63941)	2/18/2001 6:29:30 AM
From: sea_urchin	Read Replies (1) \| Respond to of 116767

Zeev : Re "Just accept it and act accordingly, those CB's, at least believe that they are acting for the good of the "greater majority"." Maybe so, but this "good", of which you speak, has serious repercussions in the developing and gold producing world. Although I have not been a conspiracy protagonist, I do believe that the demonstration of millions of starving people in Africa, clearly due to the low gold price, mine closures etc, can no longer pass unnoticed. I now consider if it can be shown in court, even in a small way, that some collusion/conspiracy existed then I am sure sparks will fly. In this circumstance, as with the Holocaust victims, reparations will be required, heads will roll, politicians will run for cover etc etc. The CBs will no longer be able to do as they please. The gold price will no longer be the result of some banker's or wheeler-dealer's whim. With many "emerging" (not my word) African countries, and considering the important role South Africa is playing in African hegemony, I think your contention that "someone is going to claim that there is a conspiracy to depress the free markets and keeping gold artificially above $240" will easily be countered. Today, the boot is clearly on the other foot and the West can no longer do what it likes and get away unnoticed. Further, if the US and UK want to claim the moral high ground as the leaders of the "free world" (as they do -- witness Kosovo, Iraq) I don't believe they can afford to be exposed as scoundrels in the developing world.

To: Zeev Hed who wrote (63941)	2/18/2001 8:34:17 AM
From: Richard Mazzarella	Respond to of 116767

Zeev, wow, do you know how to attract a crowd! I thought you only did outpatient work? Your visit to this institution was impressive. It must warm your heart that someone actually feels sorry for you? LOL IMO all the rationale given on this thread is absolutely wonderful, but if people aren't buying the commodity, or representative stocks, the commodity, or representative stocks don't appreciate. Selling things that have already been sold is only significant when someone wants delivery. There's simply not enough delivery of gold. If the only use for gold is to store it somewhere, it's useless and investing in such a commodity is even more useless. You have it right, gold is simply a commodity. However, it's the different opinions that will work the new gold bull. Remember, it’s not what we buy, or sell that moves markets, it’s what others do. Rational thinking is irrelevant. Tulips before, tulips again. Good to see you here.

To: Zeev Hed who wrote (63941)	2/18/2001 10:27:06 AM
From: Alex	Read Replies (1) \| Respond to of 116767

<<You got to admit however, that with production of the yellow almost doubling in the last 10/15 years, and that trend still increasing, the case for a real turn arounds is difficult to make.>> I've taken these supply numbers from Bob's site and they are presently current until the end of 1999. Bob can correct me, but I believe that they show total world mine production increased by .5% from 1998 until 1999, from 2555 metric tonnes to 2569 metric tonnes........... goldsheetlinks.com At first glance it seems that world production over the last number of years has not been increasing dramatically. I haven't worked out the yearly increases at the site though. M3 on the other hand has been increasing by about 10% per year for the last number of years, if the following chart is correct............. economagic.com I guess my question would be this - do the same laws of supply and demand apply to the U.S. dollar that are so often attributed to gold? Another way of looking at it would be - is the price of oil really going up, or are the Arabs only demanding to be paid more dollars from what appears to be an endless supply? Regards, Alex