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Gold/Mining/Energy : At a bottom now for gold?
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To: ahhaha who wrote (1406)7/14/1998 7:29:00 AM
From: Vieserre  Read Replies (2) of 1911
 
GNI Reports:

The first half of the year saw central bank sales in Europe, a huge gold collection in Korea, liquidation from Far East investors, deflation in Japan, currency collapses in Australia and South Africa leading to producer hedging, a strong dollar and massive fund sales. The second half of this year could see a huge Japanese stimulus package, no central bank sales from Europe, North American gold mine closures, a stable dollar, an end to Far Eastern liquidation and fund short covering (or even buying). Overall conditions seem right to expect prices to bounce.


Vieserre
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