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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: regli who wrote (12536)6/2/2006 10:05:48 AM
From: ogi  Respond to of 78416
 
Thanks for that tremendous overview Regli, very prescient.

The current PM market is vastly different from the one that drove Au stocks in the mid nineties, as you so clearly explain. I too believe that we are still early in this bull market. All the factors that have been driving gold are intact and as you demonstrate are actually becoming more pronounced.

The average American's insular and thus myopic view of the world beyond their own borders has always given Washington far too much latitude in conducting its foreign affairs. The beauty of the American system is the checks and balances that force political compromise, or innovative solutions to governance. Because, too many U.S. citizens are ignorant of the world they live in, there is by default an imbalance in the U.S.'s understanding of the causes and effects its policies and practices have throughout the world. Unfortunately, that insularity now occupies the Whitehouse and has irretrievably damaged foreign relations and is in fact directly driving reactionary politics and fueling terrorism.

We all live in a vastly different world today than even ten years ago. Gold has been the victim of a 35 year experiment in fiat money and the experiment is out of control. The next few years will eliminate the notion of a "barbarous relic".

Cheers,
Ogi