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To: Lucretius who wrote (210275)	12/18/2002 3:05:55 PM
From: Earlie	Read Replies (2) \| Respond to of 436258

Luc: Glad to hear that you own gold. Also pleased to read your comments about the "bull slop". I am not around enough to have caught up with this aspect of your point of view, so yes, call it thick-headedness. With respect to the GATA material, as you note, each of us is entitled to his or her opinion as to its validity. For me, their research is more than compelling. Just as an example, I find the complete stonewalling by the Fed and Treasury with respect to the long-sought-after "gold audit" to be more than remarkable. As well, those memorable Fed minutes of a few years ago, (wherein a Fed governor goes "on the record" to express his concerns to the Fed's top legal counsel respecting the Fed's involvement with the gold markets, together with that chief counsel's reply), to be rather telling. And by the way, that stuff was dug up by GATA. Your point of view that the Fed would want the price of gold up defies logic, current Fed gold leasing activity and even the Fed's own accounting. It also flies in the face of global central bank activities of the past few years (like announcing gold sales before they are made, and following that with actual gold sales at prices that get whacked down for a day or two), etc. We shall see who has "fallen for craziness" over the next few months. We shall also see what you have to say about all of this as the whole game unravels. And just as a matter of current interest, take a look at today's JPM/Barrick situation. More "whacko" stuff eh? Best, Earlie