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To: NickSE who wrote (50808)	7/6/1999 11:07:00 PM
From: NickSE	Read Replies (2) of 86076

....MARKET REPORT (7/6/99): In one of the strangest market reactions I have seen in my 26 years in the gold business, gold took a hit today after the Bank of England auction was oversubscribed 5.2 times and Japanese banks refused to buy U.S. Treasuries because of impending potential Y2K problems. Now normally those of us of sound mind and temperament -- possessed of a rational approach to life -- would have been led to believe that two such seminal events would turn the market decidedly higher, but not in this topsy-turvy world of Alice-in-Wonderland finance. Instead we are led to believe that this extraodinary demand for gold is a bearish development destined to drive the gold market lower.... usagold.com

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