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Gold/Mining/Energy : A Deadcat Bounce
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To: Ed Pakstas who wrote (51)11/17/1997 1:55:00 AM
From: Tommy D  Read Replies (2) of 97
 
Now up over 1200 points, incredible volatility. I have tried within
Yahoo to find the current price of Gold or other commodities in Asia
but without success. Are you aware of what market it trades on and
how to get it off of the Net.

Secondly, with respect to the loans and the difference in values, it
would seem to me that the reaction when the shorters(in-effect) are
called upon will be quite severe and there should be a significant
price move upward. However, shouldn't some of the chickens come home
in April of 1998 if that is when the European countries will have certain
restrictions placed upon them. If there are transactions taking place
which are "window dressing" from the central banks perspectives, when
that ends, we should start to see a more normal type of market where
at least partially, supply/demand principles will apply. I am not sure if I am
describing the European situation correctly. It seemed from material
posted that there would be restrictions on trading in Gold but to me
it seemed like the selling of Gold was more directed towards bolstering
the particular currency prior to the conversion. If that is the case
the central banks will do everything they can to keep a lid on anything negative
until after conversion(such as their true commodity or trading position).
However, just my opinion.
Regards
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