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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (169)	5/16/1999 10:49:00 AM
From: The Barracuda™	Read Replies (1) \| Respond to of 587

I believe you are making a mistake. I worked at Texaco for 16 years on board Texaco's oil tanker fleet. During long voyages, poker games would start; I never played (they were highstakes). One day one of my shipmates asked, “Bob, you want to play a few hands?” I said, “no.” “Why?,” he asked. “For the same reason you want me to play,” I answered. You said, “they reject elementary truths as simplistic, so I give it to them in a completely rigorous and intuitively formal.” Don't play on their terms. If “they” reject elementary truths i.e. “you can't have your cake and eat it too” there is no point in tying to convince them buy using some type of argument derived from that truth. The individuals you are trying to convince are either fools or venal. Their errors are not innocent. Robert Btw: When reality wins out, the folks you've been arguing with are going to have a "religeous experience" in the gold market.

To: ahhaha who wrote (169)	5/16/1999 10:55:00 AM
From: Bob Dobbs	Respond to of 587

Ahhaha: Your thesis is correct - it DRIVES TO THE HEART of what is structurally wrong with our global monetary system. The intent, to rescue markets at critical times, is unjustified. The ability to create credit at arbitrary interest rates, usually below those of the free market, creates a long term instability. There are several negative consequences: liquifying markets which are economically unviable, shunting investment from needed areas, and supporting moral hazard. Ultimately, the system breaks down, and only 1 or 2 in ten million, such as you and I, are able to explain why. That Uncle Milty has defected to the Keynesian camp is subtle but unmistakeable. He is one of the finest monetary historians, and his elucidation of the role of the free market and the flow of capital is praiseworthy. He has, however, become an apologist for the Fed. It is sad that one so learned cannot stand up for his long forgotten principles. We have seen the Monster from Jekyl Island on the plains of Kurukshetra. Are you with me Arjuna? B'Hob D'Hobbs