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To: Crimson Ghost who wrote (91873)6/29/2001 1:46:55 PM
From: ldo79  Respond to of 95453
 
Any KGC followers, what's up with this:

2.7 Pentland has agreed to sell all of its mineral exploration properties to Kinross in exchange for the repayment of debt (the "Asset Sale");

host.wallstreetcity.com

Tia,
ldo79



To: Crimson Ghost who wrote (91873)6/29/2001 1:47:03 PM
From: Frank Pembleton  Respond to of 95453
 
It looks to me like Mr Greenspan has full intentions of devaluing your U.S. currency, only he's doing it in slow motion.

I suspect he's using the price of gold as a guide on how much pressure to use, he needs people around the world to believe in the fiat currency. If you take into account inflation and the new rate that was set the other day, essentially the money is free, amazing...

The Canadian treasury on the other hand announced that our economy is so robust, that they have full intention of raises the our interest rates. Do you have any info if the Mexicans are doing the same?

Look for parity between our two currencies (NAFTA?) over the next 5 years, I'll bet you A.G. will manage this while holding gold to below $320.

Regards
Frank P.