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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ubetcha who wrote (14472)	6/22/2002 3:16:16 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 80920

"5. The American people are running out of money. The only bubble left is the price of homes, and they are already financed at 125% of value. If this bubble breads, Alan could have the big one." Yep

To: ubetcha who wrote (14472)	6/22/2002 10:55:25 AM
From: Alan Whirlwind	Respond to of 80920

Good morning Terry, Thank you for your thoughts on why gold might continue to astound its supporters and surprise its detractors. I know many thought gold would retest 310 or even lower. It was significant that you were able to get gold close enough to 325 that our boys could load their muskets and hold them over the trenches and fire. Up day on Friday is always good and the last two have been up. "1. Gold is creeping ever upwards." Slow pressure has to be building for a short covering rally of some substance soon. "2. The markets have had three bloody days, and attempts to get them to fly have been have been met with ill winds." If there is a concerted effort to keep the POG down by powers that be, said powers must be miserable by this point. "3. The trade deficit is getting to the point of being ridiculous. The dollar really is making it difficult to swallow taking it as trade for goods. This may turn into a free fall that cannot be stopped." The deficit eventually will be inflationary as all that cash we've printed to buy these things will come back to haunt us. "4. The government is running out of money." A spokesman for the mint recently bragged that they make 26 million a year after costs stamping out pennies. That's how desperate they are. "5. The American people are running out of money. The only bubble left is the price of homes, and they are already financed at 125% of value. If this bubble breads, Alan could have the big one." That is scary. They should have left the dollar with gold backing to begin with.