Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Keith Utz who wrote (2331)	1/23/1998 12:39:00 PM
From: JD	Read Replies (2) of 4718

Lots of reasons for POG Gold +$7 Silver +.20 Primarily the Clinton affair (sorry, couldn't resist the pun) and a new rumour that Rubin may resign are causing lots of US uncertainty which is causing US$ to drop . This means Asians, facing currency crises, can now buy a lot more gold than yesterday. With the increased demand there is a lot of pressure on gold shorters to cover their positions which means the buying increases even more. Therefore, POG skyrockets. Unfortunately, IMVHO I don't think it will have much impact on the price of ANZ. The market's fear of Indonesia and what it may do in the near future negates any of the current jump in POG/POS. (Barrick and Placer up 5-10% already with LOTS of demand...). Hope I'm wrong. JD

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