GOLD-XAU Message Board - Msg: 3027550

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Gold/Mining/Energy : GOLD-XAU

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To: Don Green who wrote (836)	12/22/1997 10:48:00 PM
From: Richnorth	Read Replies (2) of 1756

O.K. can someone tell me why it can't go to $199.in the coming months.... I will give it a try. Wayne Angell (a former Fed Governor) stated in the Wall Street Journal last week that he believed gold would go as low as $250-$260. He thought it was realised (apparently by the powers that be) that gold at ~$250 would impose too much hardship on a good number of African gold producers. Therefore, rightly or wrongly, I am inclined to think that gold is unlikely to go below $250. Of course, this will depend on the priorities of the powers that be. If the powers that be would rather prefer to go all out to help the EMU succeed than to help the impoverished and distressed miners, then gold is likely to visit the $199 level.

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