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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.59+2.2%Dec 26 4:00 PM EST
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To: CIMA who wrote (3098)11/13/1997 7:23:00 AM
From: Mark Bartlett  Read Replies (1) of 116826
 
CIMA,

<<In order to circumvent a panic, central bankers are keeping the lid on gold, the historical safe haven. It remains to be seen if they can avert a recession by keeping interest rates low. It's getting ugly, but so far it appears their concerted efforts may work. It's inconceivable to think they aren't talking to each other re damage control.

No doubt you are correct .... however, as limited as my experience is, it has always been my experience that the more manipulation built into a system, the more likely it is to unravel.

Will be an interesing few months ahead.

MB
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