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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (175)	1/14/2003 6:54:42 PM
From: Mike M2	Read Replies (1) \| Respond to of 1210

Phil, see the-privateer.com The London gold pool in the 60s . Suppression of markets only buys time and ultimately results in a bigger move . As you said what's most important is the big picture US$ in a downtrend POG - uptrend. mike

To: philv who wrote (175)	1/15/2003 9:50:28 AM
From: Jim Willie CB	Respond to of 1210

controlling gold will soon be like jettys at seacoasts the ocean is just too big for a series of jettys to stop waters in 1970, the London Gold Pool was extremely active in attempting to defend the $35 gold price with WashDC cooperating heavily how well did they do? (gold now 10x higher) are problems worse now? are participants buying gold (China, Arabs) larger now? are gold miners short now more gold? are US Trez debts larger now? is US Trade gap larger now? are energy supplies lower now? are financial systems leveraged now at high price levels? this will fast become a govt nightmare they have coiled numerous geared springs in recent years I expect ALL OF THEM TO EXPLODE !!! the big gold/US$ story late in 2003 and in 2004 will be how pathetically little gold collateral exists to fortify the US Trez debt of $6.4 trillion we are going to see a gradually accelerating run on the USDollar that seems so farfetched right now, I realize but beware of the enormous dynamics behind the USDollar Decline Vicious Circle, which are staggering and absolutely powerful no, the big issue now for USGovt officials and Gold Bullion dealers is more the return of their leased gold, rather than putting more of it into the market soon, USGovt will be buyers of gold the New USDollar will be partially gold-backed the Old USDollar will screw foreigners bigtime bigtime bigtime their bark indicates desperation to me late 20th Century Central Bankers will go down in history as the most financially inept the world has ever seen their chapter will be a louder refutation than the Weimar Republic of Germany in 1920's, which has foisted upon them by the Versailles Treaty no, the Western World's Central Bankers did this all themselves with no outside participation the Japanese fell into the trap, and due to the nature of their export economy which savored a low currency, they quickly were sucked into the black hole of the Liquidity Trap by 2004 the desperation of Central Bankers will be all too clear watch and lick your chops if you own gold/silver in any form this runup will be one for all ages sorry, your concerns indicate to me that gold will rise 10x just like the 1970's / jim p.s. issues regarding USGovt with respect to financial matters is exactly what this thread is all about, not politics on personalities programs campaigns strategies and other frivolous mindless crapp