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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: PaulM who wrote (10532)	4/24/1998 8:23:00 AM
From: Bobby Yellin	Read Replies (2) of 116764

just some more guesses..don't think the government will have any control over price of gold unless they confiscate etc.. most traders probably realized that with the prior news releases of Central Bankers selling gold..it would be a no brainer to follow the trend...geez the CBers could announced they were selling gerbils and even the gerbil market would have tanked..(rolls royces I am not certain of:>) wonder if Gates and Buffett's combined net worth could buy all the gold in European coffers:> when traders see the trend really reversed..they could rocket gold if they want..currently they don't appear to want to because of the stock bubble mania..I am sure they want to push that as high as it will go and then drive it down as far as it will go and possibly play gold also.. also El Nino,the Asian collapse,the weakness in Japan etc all have had a big impact on commodities..and probably will create a rubberband effect...maybe not a big one but still .... question: although there has been an internet mania lately..curious about your take..if amd produces computers under 500 dollars next year I think the internet is still in its infancy and a lot of bb companies in telecommunications,internet services,etc haven't even started.. would like your thoughts..(I just can't see the world going into a black hole..I can see a massive unraveling of derivatives though.. and I can see short term treasuries heading higher long term as one of the few safe havens..)

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