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

To: Robert Dirks who wrote (2605)	12/13/1998 1:02:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 81226

"NOW, DON'T BOTHER ME ANYMORE, AS IM WELL AWARE OF ALL THE ARGUMENTS OUT THERE AGAINST GOLD, AND YOU ARE WASTING MY VALUABLE TIME." Ohhh, you hurt my feelings. Point is, the case for GOLD manipulation has never been proven! Go hide under a rock! This is a thread for gold talk. No bullishness reasons have been given.

To: Robert Dirks who wrote (2605)	12/13/1998 2:24:00 PM
From: Daytek77	Read Replies (1) \| Respond to of 81226

Robert The problem here is that Hutch is or has been on the right side of the current trend. I say that from a goldbug's perspective. Therefore whatever "reasons" he gives for gold going down he points to when/if gold goes lower. This is the way it has been or may continue to be. His comments only seem to be correct because the direction is right. It is like saying the stock market is going up because people invest when they see the market going up. You can pretty much make up any "new paradigm" "earnings don't matter", p/e's are irrelevant" comments. This is of course when the focus gets back to why are p/e's at record levels? Do we have record earnings? No! We have low inflation and low interest rates. Does this justify current levels or market valuations? Two to three years ago the Hutch's of the world were voices in the wind. Now the gold bulls are, the tide will turn again. There will be reasons to point to but they will only be seen and appreciated after the fact. All the best Tony