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Gold/Mining/Energy : At a bottom now for gold?
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To: Phil Varichon who wrote (860)10/31/1997 11:18:00 AM
From: Eakole  Read Replies (1) of 1911
 
Phil, I find it too coincidental that the Swiss Central Banks should choose to announce the sale of half its gold reserves on the eve of the collapse in the world's Stock Markets. I believe this was a move designed to negate gold's traditional relationships to world monetary and equity values and as a bellweather of changes in economic trends. While they have been successful in clouding the present issue they will never negate gold's time tested economic relationships as the value of gold is grounded in the one condition that is not changeable, and that is the constancy of human nature. . . the true and only force that moves markets.
Manipulations such as <timely announcements> may succeeed for the moment but once the public discovers the <manipulations> the game is up.
When will a bottom be reached? When the forces of human nature are reasserted, but it cannot do so as long as the great mass of the people choose to live in a bubble of misinformation and manipulations. Or ... when the bottom falls out of the market. Both are due to happen but the longer the manipulations are successful the more profound the collapse will be.
What Governments and Central Banks fear the most is that Truth, History and Human Nature is on the side of Gold.
Eakole
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