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To: orkrious who wrote (261534)	9/23/2003 3:21:07 PM
From: orkrious	Respond to of 436258

from streetinsight Brian Batt Goodbye 9/23/03 02:51 PM EDT Thank you to all Still a raging long-term gold bull It is with much regret that I must leave the Street Insight community. I am merging my trading strategy into a larger hedge fund, and will no longer be able to write on the site. I have thoroughly enjoyed my short stay with both the contributors and the subscribers. There are many brilliant minds sharing their thoughts with all of us on a daily basis, and I am a better, more informed trader/investor due to all of you. And thank you to the staff at Street Insight for all of your help, and for running everything so smoothly. I hope that I have conveyed to you some of my thoughts on gold (sorry that I have not posted over the last week, but I have been swamped with the move), and why I believe it will go higher than any of us can possibly speculate. The dollar is in big trouble. The balance sheet of this great country is in shambles. The massive debt levels at every level of society, the huge twin deficits, and the loose fiscal and monetary policies being instituted by our government is a BIG deal, regardless of the fact that most investment professionals shrug these facts off. Gold has, for 5000 years, been used as currency. It is only since 1971 that the world has known a monetary system that was not in some way connected to gold. I urge every one of you to read a 1966 essay by none other then Fed Chairman Greenspan titled, "Gold and Economic Freedom." Greenspan lays out the case of the necessity of gold to impose discipline on politicians. Deficit spending, keynesianism, in theory, provided stimulative deficit spending in bad times, but pulled back resources in good times. With the nature of our pork barrel political system, our politicians never take away the punch bowl. This will have consequences, and at some point in the future, the rest of the world will stop allowing this to happen. They will lose confidence in the dollar, they will stop selling us goods based on credit, and they will stop recycling their dollars into dollar denominated assets. I urge all of you to read "The Dollar Crisis" by Richard Duncan, who explains how out of whack the international monetary system is, and the consequences that must follow. When your next-door neighbor starts to talk about gold, and how he just picked up some Kruggerands, then you will know that it is time to sell. They say that market always does what it is supposed to do, just never when. Well, when the "when" finally arrives, will you be prepared? I apologize for getting on the soapbox, but I wanted to share some brief thoughts with you before I left. Good luck to all of you in your future endeavors, and maybe someday down the road we will meet up again. still net long the gold sector