At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Ray Hughes who wrote (1734)	10/5/1998 7:09:00 AM
From: Bobby Yellin	Read Replies (1) of 1911

Hi Ray hope all is well..I apologize but I am "using" you as another possible bullish indicator for gold..have you received any calls lately from some US big houses in search of an analyst? Also I asked this question to Bill Murphy and I would also like to hear your response "Has there been a flattening in the gold futures? Or has the long term future prices gone up significantly as well?" Bill Murphy's response was "Morgy Dog, The lessening of the long term gold price to the near term gold price is what they call the contango and is mostly interest rate related. Since interest rates are coming down, so is the contango. This is bullish as there is less incentive for producers to hedge a forward higher price."

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