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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Activatecard who wrote (11555)1/12/2003 9:51:59 PM
From: Jim Willie CB  Respond to of 89467
 
got a few friends now being worked on by brokers to sell
they dont understand gold
they never expected the 2002 gold run
now they are experts on how & when the gold run ends
I might phone one of them just to tell him off
might tell him to gain an education

my father over dinner tonight said Neil Cavuto of Fox is now telling viewers that the gold run is officially over
I told Dad that I would love to debate Cavuto on TV
I claimed I would humble Cavuto
I asked Dad (retired university English professor) what he regarded the major reason why gold is rising
he stated Cavuto's reason: resolved MidEast/Iraq situation

Dad said:
1. huge federal debt
2. trade debt

Dad aint no fool
he remembered a couple spring and summer conversations
and it sunk in
he asked what I thought
I said at least 3 other major reasons
3. shorterm interest rates offer negative real returns
4. 2% higher rates in Germany
5. gold miners have heavily sold future contracts, now buying back
6. huge debt overhang is being liquidated across USA

it all made sense to my dear Dad
he is saddened by what is happening to this country since he served in WW2, and expected to see prosperity and peace afterwards
I remind him that we did have peace (sort of) for a while
it lasted a full generation or more
now it is time for a bigger badder war

/ jim