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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22149)	12/8/2004 7:14:25 PM
From: philv	Read Replies (1) \| Respond to of 81050

Searle I note that apropos to our previous discussion re: POG vs. stock price, the dramatic drop today in the POG, which was the biggest one day drop that I can remember, did not have a similar drastic reaction to the stocks. Of course, as discussed, the stocks did not really participate in the gold run in the first place! Some people take this as proof that gold price reacts to the stock market (xau), not the other way around. I don't know about that, but it sure seemed to be the case this time around anyway.

To: sea_urchin who wrote (22149)	12/9/2004 1:44:38 AM
From: Jamey	Read Replies (1) \| Respond to of 81050

Believe it or not, I would be happy if gold sets a base around $500 sometime next year and goes no further. That is only my insurance policy and prices higher than that would probably see us living with inflation that would hurt many families. Trouble is, the next 7-10 years of Iraq war will probably insure high prices for at least until 2010. I don't honestly see how we can remain a democracy. More than likely we will be ran by some form of corporatism that will insure that there will be no middle class among those who continue to trust the government and fiat money. There are just too many storm fronts in the financial world to see nothing but doom and gloom for America. Individuals have to insure there continued survival and I believe precious metals and the energy sector is the long term play for those who do not believe all the crap that the financial experts are telling about the growing economy. When Asia and Europe own you they can pull the plug when we can no longer afford their trinkets that they import to us. I know, I'm rattling on but where do you stop when there are so many trouble spots in the world? James