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Elroy Jetson

10/13/03 5:09 PM

#160455 RE: From the East Bay #160452

The money supply has doubled since 1996, as measured by M3.

This is a compounded growth rate of roughly 11% per year.

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the Fed has largely been unsuccessful in causing the money supply to grow rapidly

http://www.investorshub.com/boards/read_msg.asp?message_id=1573355
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Thank goodness "the Fed has largely been unsuccessful in causing the money supply to grow rapidly."

I fear success will not long elude their diligent efforts.

I'm afraid to even ask what annual growth rate would qualify as rapidly in your estimation, 20%, 50%?

God save us from lunatics like Ben Bernanke and his acolytes.




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basserdan

10/13/03 6:02 PM

#160460 RE: From the East Bay #160452

Turk was the guy Norman trashed today.
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C'mon East Bay......
Norman?
Puhleeze........
Don't quote anything from that ass Norman to me!!!

He is the biggest zero I know of when it comes to his analysis of the gold market and/or the gold producers.

He's been short NEM from the low mid 20's as far as I know and imo, is the laughing stock of the entire industry.

Was he the reason you "sold your GG, NEM and PDG at the open" today?

Nice timing, I must say, with tongue in cheek, of course.