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

To: Jim Willie CB who wrote (69385)	12/22/2004 10:56:28 PM
From: jlallen	Read Replies (1) \| Respond to of 89467

Yep....you're a legend...in your own mind....dipshit.....

To: Jim Willie CB who wrote (69385)	12/23/2004 11:20:03 AM
From: fresc	Read Replies (1) \| Respond to of 89467

Yo Jimbo! You should practice what you preach :) 'you are just another GOP pervert with "values" / jw 'morons think not in GOP sorry, got that wrong morons dont think at all' You are such a sensitive guy :)

To: Jim Willie CB who wrote (69385)	12/23/2004 11:28:15 AM
From: stockman_scott	Read Replies (3) \| Respond to of 89467

Bullish Ing Calls $700/oz Gold for Late 2005 By Tim Wood 22 Dec 2004 NEW YORK (ResourceInvestor.com) -- John Ing, president and chief executive officer of Maison Placements Canada, has never been a shy gold bull, and confirmed his reputation with his latest call for the metal to strike $700 per ounce late next year. Before that, Ing is eyeing $510/oz as the next important step. He made the price calls in a note circulated to clients. In keeping with gold bull consensus, Ing says the bullion-positive environment has everything to do with President George Bush’s “guns and butter policy”. That’s an old euphemism for governments that attempt simultaneous expansions in war and domestic spending. Bush’s Confused Economic Policy, which swings wildly between orthodox Keynesianism and supply-side heterodoxy, has compounded the mess he inherited when the bubble in general equities collapsed in 2000. The response was to forestall a necessary correction by unleashing an orgy of stimulative spending that was further driven by exceptionally loose monetary policy in the wake of the 9/11 attacks. At the same time Bush has demonstrated unrestrained political competitiveness. His political machine has bought off – using a combination of debt and fairy dust money – every important voting bloc from seniors to farmers to the middle class to unions. The price for that largesse with other people’s money is becoming clear in soaring commodity prices reflecting a weaker dollar. The national balance sheet looks too much like that of a Latin American country. Debt ceilings are routinely broken through and Ing warns that the US has to spend more than $320 billion a year servicing its loans. “And now, like a highly leveraged debtor, the US finds itself having to pay higher interest rates to keep creditors lending. Ing says a “major collapse” in the dollar is likely with the aggregate budget and current account deficits amounting to more than 10% of gross domestic product. He noted an interesting parallel with the late 1980s: “Between 1985 and 1987, the dollar fell by 50 percent while inflation and bond yields rose and, in October 1987, the stock market crashed. Gold jumped 100 percent. America’s current account deficit was only half of today’s current account deficit.” Ing says gold equities represent a value opportunity now because of investor conviction about a bullion price correction. “We believe the gold stocks are an excellent buy here. Once investors realize the gold train has left the station, they will stampede into the stocks as they did with the oil stocks. We believe that the current laggard performance is temporary and thus presents a marvellous purchase opportunity.” Maison recommends Agnico-Eagle, Meridian, Kinross, Newmont, Placer Dome, Bema, Eldorado, Campbell Resources, Northgate Exploration, White Knight Resources, and Claude Resources. The strategic recommendation is to overweight toward North American projects for lower political risk. LINK: resourceinvestor.com