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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (6896)	1/28/1998 8:13:00 PM
From: CuriousGeorge	Read Replies (2) \| Respond to of 116762

Clinton in Wonderlandÿ usagold.com USAGOLD's DAILY MARKET REPORT/For Current Quotes Call 1-800-869-5115 01/28/98ÿOpenÿ+/- PrevCloseÿCloseÿ+/-Prev CloseÿGold302.90+2.20ÿSilver6.08-. 02Platinum387.00- 1.50COMEX Gold Stocksÿ429,899ÿ- 12,006 MARKET UPDATE (01/28/98) AM-----Gold opened down this morning as the dollar strengthened and the markets reacted positively in the early going to the "Clintonite defensive". The president seemed to dwell on this idea of "spending the surplus" last night and this whole concept of spending an agreed upon illusion (between the Republican controlled Congress and the Democrat president) is beginning to sound like something out of Alice in Wonderland. I hate to be the one to drop a bummer on the party but I just looked at my Barron's Market Lab this morning and noted that the national debt one year ago was $5.265 trillion. Now it is $5.449 trillion. Let's see, putting paper to pencil, subtracting the little figure from the big figure, we come up with a $184 billion added to the national debt. Strange. That doesn't look like a surplus to me -- it looks like a (cover your ears, kids)--- a deficit! What we have here is the politicians robbing the Social Security Paul to pay the budget deficit Peter. Now they want to put more in the kitty -- in other words, they want more to divert later. The sad part of the whole thing is that Newt and the boys have gone along with this nonsense as an antidote to their own flagging political fortunes since this past summer. You could see Newt beginning to melt under his seat as it dawned on him that Clinton had outflanked him again. "Now that we have agreed upon this illusion of fiscal balance, we will spend the illusion on (you guessed it!) a nice brightly colored, happily wrapped, and expensive social program with all the bureaucratic accouterments." Meanwhile, Hillary hit the hustings to heap blame for the Oval sex scandal on a "massive right wing conspiracy" to topple her humiliated husband , aka "Meet Me in the The Broom Closet" Clinton. As if Kenneth Starr planted Miss Lewinsky in the White House to entrap the president. So what we have in this instance is a "massive right wing conspiracy" in place to topple "the socialist-Wall Street-media cabal that controls the government" -- the stuff from which novels are made. Just waggin' the dog, fellow goldmeister, just waggin' the dog. Meanwhile back at the markets, gold is recovering from a weak start and the yen is gaining strength. Somebody took 12,006 ounces of gold out of the COMEX and 1,387,459 ounces of silver. Crude is also up as Clinton unsheathes the sword and brandishes it in the direction of the evil Hussein to divert the attacks on his honor. We continue to watch with fascination to see if the great squeeze on the February contract is really going to materialize. Have to go. Time to get back to advancing the conspiracy of "right wing talk show hosts, internet web sites, various conservative foundations and political lobbying groups" according to a story published by the always fair, never biased (ahem) New York Times. This is getting Hillaryous! ÿ ÿ