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To: ild who wrote (201835)	11/3/2002 11:57:24 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 436258

The question how strong is too strong, and $400 might be just it, but don't forget an underlying "truth", the save JPM syndrome, a powerful motivator to keep gold from breaching $330 short term (until JPM can slowly, not catastrophically) unwind. Have you considered what the price of gold "should be" if it was once more required to be 15% of the money supply (worldwide) and that money supply needs to grow at let say 3% (the lowest level contemplated for healthy world GDP growth) per year to support growth in the world economy. Once you go through the numbers (and I have just recently, again, on I-hub this time, investorshub.com it may be clear why the CB's will try to never again peg currencies to gold. Instead, they let the bond vigilante and the international currency traders instill their own discipline on the printers. Zeev