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Gold/Mining/Energy : Gold Price Monitor

GDXJ 150.31

+2.0%

Jan 28 4:00 PM EST

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To: goldsnow who wrote (7815)	2/22/1998 11:27:00 PM
From: Jim Ilchyshn	Read Replies (1) of 116927

More rhetoric to talk the price of the metal down - IMHO. What bombshell do we get hit with next. Brien Lundin from an article in the James Blanchard's Newsletter states - " Either the central Banks are coordinating their efforts to keep the gold price in check, or they are the finest market timers ever known. Just before a financial crisis pops up... a crisis that could start a run from currencies to the safe haven of gold... the central bankers have been able to steer investors away from the metal with well-timed announcements...Three major gold market announcements were made by central bankers or other high government officials over the past six months. Could their timing -- on the very cusp of global financial crises -- be mere coincidence?" 1) Thailand currency crisis - Australia announces gold sale. 2) Dow ready to fail. - Swiss announce gold sale plan. 3) Major bankruptcies hit japan - Bank of England offical says EMU will hold little gold.

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