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

To: Jim McMannis who wrote (34427)	5/24/1999 12:16:00 PM
From: The Barracuda™	Respond to of 116786

Gold is denounced on the "Raging Bull" web site ragingbull.com R A G I N G P O R T F O L I O Better than Gold May 23, 1999 By William C. Martin When the Brits announced that they were selling most of their gold reserves a few weeks ago, it came as a big surprise to those few remaining gold hawks down in the commodity trading pits. Why? After all, the rest of the world sold their gold long ago and stocked up on Greenspans. Oops, I mean greenbacks - same difference. Alan Greenspan has developed a market cult over the past decade with his deft handling and manuevering of the world's largest economy. Not even the retirement of Robert Rubin, a key part of the bullish Greenspan-Rubin-Abby Cohen axis, phased the markets. Jedi Greenspan's "tightening bias" is always there to save the day. But someone is missing the point, be it investors or pundits. Alan Greenspan is a genius, and has done a great job, but the true wonders of this economy are guys like Michael Dell, Jeff Bezos, and Andy Grove (Larry Sumners take note). It's the leaders of the new economy, and the reformers of the old, who are pushing the US economy forward at mind-numbing speeds. Consider: Dell has built a company that virtually defines velocity of money.. Bezos has brought half-off bestsellers to every town in America (i.e. demonstrating the Internet's monopoly smashing potential). Grove, after helping to pioneer the microprocessor revolution, is now pushing the world towards ecommerce. Talk about inflation-killers and economic drivers. These are the guys who should be on the Federal Open Market Committee. These are the real Jedis. Greenspan's job is easy in comparison (almost). No wonder gold is dead -- I'd rather own a Dell.