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To: LLCF who wrote (128003)10/7/2001 9:48:30 PM
From: Bull RidaH  Read Replies (1) | Respond to of 436258
 
nice article by Hamilton, although i think he's wrong on longer dated bonds. That's one of the best playgrounds for all this new $$$ to create the next bubble. Gold will obviously hold its own versus the dollar in a decreasing interest rate environment, and the miners will do relatively better... especially the low cost producers like GG. Hedge or unhedged probably won't matter.. In fact if you're ABX with an average hedge price of $340.00 per ounce, you're way ahead of the field, as gold may not go that high in this environment. You gotta like raw cheap acreage if you can find it over the coming months. Cash is still king, but the fed's certainly going to see to it that "cash is trash" within the next few quarters. Got any good ideas where to dispose of it?



To: LLCF who wrote (128003)10/7/2001 10:57:32 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
Great read, LLCF, thanks!

This was my favorite passage:

For comparison purposes, realize that the ENTIRE M1 money supply of the United States of America in 1966 was less than $172b. While it took the US government and eventually the Fed, after it usurped the monetary helm in 1913, almost 200 years to inflate the narrow money supply of the American people to $172b, the Alan Greenspan Fed was so utterly terrified of financial collapse following the WTC collapse that it injected $172b into the US financial system in ONE WEEK!

HO HO HO! BubbleBoy ain't no piker, is he?<G>