To: privteer who wrote (72672 ) 7/1/2001 1:24:10 PM From: Rarebird Read Replies (4) | Respond to of 116791 The Idea that the U.S. Dollar is the "Reserve Currency of the World" and that the financial powers in the U.S. hate Gold and have a vested interest in squashing every rally is commonplace knowledge and known by just about everyone who posts here. This thread is on top of every shenanigan that takes place in the gold and equity market. Whatever it takes to keep the POG down will be undertaken by the major financial powers in the U.S. We all know this here. Morality left the realm of these financial markets a long time ago. Those who are outraged by the typical bearish media slant on the POG would do well to come down from their moral heaven. Love of Fiat Money and greed/fear rules these markets and inspires all the manipulations in regard to the POG. I take that as a starting point . There are some things in life that can be changed and other things that have gone to the point of no return that can only be played out to its logical conclusion because it has gone way beyond the realm of reason and morality. I'm talking about the POG here. The more interesting question (rather than elaborating on all the manipulations that take place) is to determine when the financial powers in the U.S will lose control and the POG will be able to trade freely. My gut feeling is that we may not be far away from this occurring. I think for Gold to enter a Bull Market will require a recognition that far from there being an economic recovery in the second half of this year, the U.S. economy is going to enter a severe recession and that the Fed's radical easing policy will not be able to stimulate growth. Then the U.S. Dollar will be in a position to tank. The big danger for Gold is that as bad as the U.S. economy gets over the next 6 months, the Asian and European economies will look even worse than the U.S. economy and the U.S. Dollar will continue to rally to new highs. IMO the EURO is the key currency for Gold, along with the Australian and Canadian $$$. If the major European economies, such as Germany and France, can outperform the U.S. economy over the next 6 months, then the Euro will rally and the POG should be able sustain a rally. But this is the question for the POG: Which European or Asian Economies will be able to outperform the U.S. economy over the next year? If their economies are all so intricately tied to the fate of the U.S. economy to the point where they will underperform the U.S. economy, then the POG will be in a precarious position, unless, of course, there is a major derivative crisis or money fund default coming, which, I think, is a distinctive possibility. PS Care to give your high/low price projections for the POG this year?