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Gold/Mining/Energy : Gold Price Monitor

GDXJ 150.42

+2.0%

Jan 28 4:00 PM EST

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To: getanewlife who wrote (60305)	10/29/2000 1:37:05 PM
From: SliderOnTheBlack	Read Replies (1) of 116930

re: Brinker's comment on the US Dollar replacing Gold... Brinker "was" right... "was" as in the past-tense of "is"... It is the inevitable fall of King Dollar that will return Gold to the forefront. It is the unsustainabilty of King Dollar that assure's it's "inevitable" fall & it is that fall that assure's Gold's rise. King Dollar is allready creating Global Stress Fractures & once again - the coming repatriation of OPEC Petro-Dollars is the key. Crude Oil prices will contract dramatically, both from the slowing US demand/GDP growth & OPEC production adds; as well as a natural technical price correction and the dramatic increase in non-opec drilling that we saw post the 1998 exploration/drilling infrastructure collapse with $10 Oil. The Arabs allways have and obviously must and will; hedge the simultaneous COLLAPSE of their net receivable - ie: a simultaneous falling/correcting US Dollar & Crude Oil prices. - they will & allways have; went to Gold and that they will also go to the Euro, or other Euro-currencies (Swiss/French Franc, DM, Pound etc) is inevitable; as is their repatriation from the US debt & equity markets. The post mortem of the XAU here of late; was built upon nothing more than the final throes of tax loss selling along with some savy & well times shorts leaning on the sector for some easy money ; taking the XAU to new lows. A DCB here shortly imo; will add some stability and then we'll being to hear more talk of the potential of a secular Gold Bull appearing here.... PS Greenspans continual & sublte warnings about reforms to address a major US Bank Failure; as well as his warnings about the derivative issues should be heeded... another LTC around the corner ? ... the "Mother of all Short Squeezes" looms somewhere in the future upon the next LTCesque crisis if, or perhaps more correctly - "when" seen; as the Gold Derivative Short Squeeze if/when unwound by a Global Crisis/Event - will surely be something to see ~ and that Petro-Dollar exodus from King Dollar & the US debt & equity market is coming... PS S: << "...Herve Ferhani, head of foreign exchange with the Bank of France. While discussing the role of gold as a reserve asset, Ferhani said gold may be the "only" risk free asset. Despite its de-monetization, apparently some bankers still feel gold is real money. >> ..."risk free asset" - remember that term ~ and ask yourselves; if those Arab Petro-Dollar Shiek's are going to want any more Priceline.com, or some of the corporate debt that Bill Gross of Pimco has been talking so "glowingly" about of late... (ROFLMAO~). ...the writing is on the wall; for anyone willing to read it & act upon it.

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