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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

Nov 26 4:00 PM EST

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To: John Paquet who wrote (41804)	10/1/1999 3:17:00 PM
From: E. Charters	Read Replies (1) of 116768

Toldyah toldyah toldyah **************************** The Canadian Mining Newsletter Sept 28 1999 ************************** The central banks' edicts that a cap would be placed on further sales augurs that the smart money wishes to hold gold and thus it's price is seen doubly as a hedge against the future. If the banks sell less the price will rise and their value held will increase. By stopping excess sales they guarantee what sales they do hold will get value they need. It would seem as obvious that nobody would depreciate an asset on purpose and sell it into a falling market. What stategy the banks did have will in retrospect be seen as a currency "hedge" for launching the Euro and financing the euro state rebuild in eastern Europe. That and bailing out the bad loans to the Soviets and others. It has a stink of a scam to it to. I deprecate strongly too much political control of banks as they were formed by Kings who could not collect taxes to fight wars. (People could no longer hold wealth from state confiscation) But these late shenanigans of gold manipulation that led to its long price slide in the face of declining supply has to have been done for profit. Few have held forth on the shorting theory that I hold will eventually be proved. For every dollar gold fell, friends of the Bank of London made a two. They alone know how far they will let it climb. The same game can be played both ways. This gold charge will drag up the TSE 300 as it already has indicated. ******************************************************** US dollars bid 3:29 Sept 28 1999 ---- Gold -- Silver -- Platinum -- Palladium-Rhodium(Ask) 305.90 -- 5.750 --- 397.00 --- 373.00 -- 940.00 CDN 445.78 --- 8.38 ----- 578.54 ---- 543.57 -- 1369.86 Note: I believe this Canadian price is a two year high. ******************************************************** --------- - BID --- ASK US in CDN $ - 1.4573 - 1.4653 CDN in US $ - 0.6824 - 0.6862 ******************************************************** EC<:-} mineletter.com

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