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


To: Zardoz who wrote (3150)1/21/1999 10:55:00 AM
From: Jim McMannis  Read Replies (1) | Respond to of 81092
 
Hutch,
Seems like every time I come by you've got you a$$ in a crack with the goldbugs. When are you going to learn that goldbugging is like a religion? Everyone is invited, from thrift shop prospectors to ex-wide receivers for the Boston Patriots of the old AFL. You can even become an expert on doom and gloom and pontificate on why a big run-up in gold is right around the corner. Sounds great but it doesn't seem to happen.
You're a different breed Hutch, a trader, you'll never fit in, only be accepted temporarily if you happen to be be long gold.
Oh well...
You know, I really wish they would bring back the ole' Keynesian boom bust business cycle again. Sure would make it easier on us traders. This Steady-State stuff is as boring as stagflation, only our government lies about the inflation part.
As often is the problem, it can be hard to find just where we are in the cycle. I wouldn't take much solace in AG saying rates might have to be raised. He does that every speech. Certainly, a rake hike would be BAD for gold and AG has held gold hostage with this technique for a number of years. On the other hand, a failure to raise them coupled with letting the price of gold rise would work quite well in shutting down the irrational exuberance in the stock market. Not a path he dare take I think.

Anyway, looks like the first wave from 61 to 74 is over and the pullback to the 67 level is showing a little bit of promise of holding.

All the best, Jim



To: Zardoz who wrote (3150)1/21/1999 10:56:00 AM
From: lorne  Read Replies (1) | Respond to of 81092
 
Hutch,you said>>Gee, I thought this was a discussion group. I guessed wrong. It's a place where Bill Murphy tries to promote his site... make more money, and push BIASED, slated information.<<
Of course you are correct but it is a discussion group where the participants are betting on or beleive that they will profit from a rise in the POG and they beleive they are correct, how would feel if someone told you on a daily basis that you are wrong eventually you might start to think you are being harrassed so again I ask you why do you bother posting on the gold threads. I know you need not answer any question that I may ask.???
You said >> I'm sure that you would hate to see a promoter pushing stocks on the SI threads, but what BILL is doing is the same.<<
You mean like Ram-Bus.
Take care
Lorne



To: Zardoz who wrote (3150)1/21/1999 8:35:00 PM
From: dave rose  Read Replies (1) | Respond to of 81092
 
<<<<<So I have made a many comments in the past as to why gold may climb or fall. But I
post more on reasons why it should fall, because that where the risk direction is going
now. Gold may very well rise or fall on a day to day basis, but has been increasing it's
downside risk. >>>>

Hutch: I for one, as a long time gold bug, appreciate your comments. To hear people who "preach to the choir" is not what I am looking for. YOur comments may make me squirm but I want to hear them.

daverose