Dear Friends,

Bloomberg reports the Dow at 8663.35 which represents a
further sharp decrease from yesterday.

Kitco reports gold at 315.60 on New York's close.

A page discussing the merit of this ratio may be seen at
 http://www.gold-eagle.com/editorials_02/milhouse062002.html
for those interested in the subject.

I happen to disagree with the author with regard to timing.
It appears rational to suppose that the drop to a ratio < 5
may take place in considerably less than 8 years.  The 
faster it drops, the more difficulty for those dependent
on the US dollar economy.

Free market money makes the difference.  If you want more
free market money for less fees, visit http://cambist.net/
or contact [EMAIL PROTECTED] for details.

Regards,

Jim
 http://cambist.net/


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