Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: SWW who wrote (22601)	1/22/2001 9:41:13 PM
From: C Hudson	Read Replies (1) of 34075

Since this board is dead for now I thought I'd talk about some positive developments in the gold market. For one thing, the days before a Bank of England Gold auction of 25 tonnes has tradtionally been met with Gold being dumped on the market before it such that a better price could be had for the BOE gold. This is NOT the case as the auction is tomorrow and gold was up. Also, the XAU was up OVER 6% today. Today happens to be the first buisness day that Bush is in office. The 64,000 dollar question is whether the change in administration will affect the markets since it's VERY clear the Clinton Administration really did have a "PPT" (Plunge Protection Team) in place for the equity markets if they faultered. It also appear that to keep the mantra of "no signs of inflation" going, they keep a lid on gold prices. Let's hope Bush stops this and gold flies while he can still blame Clinton. All in all, things COULD be changing for the better with gold. Time will tell....

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