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

To: philv who wrote (22723)	3/21/2005 2:00:44 PM
From: sea_urchin	Respond to of 81068

Phil > And goldbugs are again crushed. Only because of their own unrealistic expectations. > It costs less US dollars now to buy gold and commodities, and it sure looks like this will be the trend as the FED keeps hiking interest rates. Now don't lose your cool and get all depressed. Nothing has changed. It's the same game as before. Dollar will get a bit stronger, gold a bit weaker -- for a while -- and then dollar will get weaker again. It's just a see-saw. Up and down. And driven by a never ending stream of bullshit. > Fundamentals, as noted ad nauseam on this board just don't matter. Actually, they do matter -- it's just that one needn't believe those there are because the figures are phoney. > Fundamentals such as debt, deficit and trade imbalances seem totally irrelevant. Only until they are relevant, whenever that will be?! > the Nasdaq has turned green and the DOW is headed up. I suppose that's the work of the Plunge Patrol or whatever its name is? Surely you know by now there are always nefarious conspirators at work -- manipulating the price of stocks up, the gold price down! > The US has maneuvered itself into a sweet spot where it can do whatever it wants, fiscally, politically and militarily without consequence! Maybe, maybe not. It's just that the US government has simplified the rules -- print the most money, tell the most outrageous lies, have the most military hardware -- and, of course -- don't give a fig about anyone -- including your own people. > The E.U. decision to re-write its fiscal obligations under the Maastricht treaty will be rewarded by a lower currency. So the price of gold in Euros will go up -- that's if the gold price in USD holds up. Time for the abacus. > The race to the bottom continues. But I thought the argument was that the depreciation of currencies should benefit gold? > Today the goldbugs are losers Only in the US. In other countries where the currency has fallen against the USD one might find the gold price going up. > while the great masses of unwashed mutely stand by, ignorant of their growing indebtedness thanks to government policies. I'm sure you've heard of the saying -- bulls make money, bears make money, pigs are slaughtered.

To: philv who wrote (22723)	3/21/2005 3:34:26 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81068

Phil > The howls of frustration and anger from the gold gurus such as Sinclair, Embry, etc. together with their predictions of even higher prices in the near future are easily predictable. Here's another one -- from the repository of goldbug dreams -- Kitco. kitco.com >>A tsunami of dollar selling is about to begin, and will make the recent dollar decline seem like a small bump in the road. It may take a few months for this to play out. You may have time to buy silver at under $10/oz. for a few more weeks or months. But after GM declares bankruptcy, which may take between 3 months to a year, get ready for the dollar to crash by more than 90% in the following 6-12 months. Germany's hyperinflation in the 1930's took about a year and a half. Recently, Argentina's took place nearly overnight. Who knows which way the dollar will die, whether a quick death, or a more slow and painful one? Either way, the dollar is dead. Long live gold and silver!<< So, don't let the present little flutter in the USD concern you. Whichever which way the dollar dies, it's already dead, Kitco has told us. Go gold. Long live gold and silver. Down with the dollar. Down with fiat money. Down with Greenspan. Down with the Federal Reserve. Down, down, down....................