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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (87672)	7/5/2002 9:14:10 AM
From: long-gone	Respond to of 116766

<<Anybody think that the government could be getting into a position to profit from a rise in the price of gold? Further, any ideas on how it would accomplish this? >> Sure, For damn sure! The US government will sell - but far into a Bush 2nd term - if they can pull it off at all. Due, though, to political pressure, desire to not have gold indicate / signal further / future deflation, & to appear to hold a sound national financial policy they will attempt to sell into a rising gold price - a gold price well north of $400-500. I suspect they will try to obtain an average price of better than $390 and will reduce holdings by a total of less than 20-25%.

To: grusum who wrote (87672)	7/5/2002 10:04:19 AM
From: long-gone	Respond to of 116766

<<Anybody think that the government could be getting into a position to profit from a rise in the price of gold? Further, any ideas on how it would accomplish this? >> Really I suspect as soon as Greenspan is out of there & replaced with anyone not as deeply in bed with the brokerage banking industry gold will move back up. I'm near sure we won't know what went on / truth won't come out but things will change & will never go back. Look for Lindsey as best bet or maybe Kudlow as dark horse chance ag FedHead IMO. Has everyone picked up on how Kudlow has often questioned why gold is so low used as an indicator of deflation? He'd target $350-400 gold. Rubin shot himself in the foot by asking for Enron bailout & Summers has not a chance because he's a Rubin / Clinton guy & seen as corrupt as day is long.