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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: Sergio R. Mejia who wrote (21413)	10/11/1998 5:08:00 PM
From: Sergio R. Mejia	Read Replies (1) of 116906

GLOBAL REPORT U.S. "CAPITALISM" - AND JAPANESE "VOUCHERS!" the-privateer.com Gold Commentary - October 9, 1998 ©1998 The Privateer® market letter. All rights reserved. If you would like to make this material available to a wider audience, please post or email the URL: the-privateer.com ( From the above URL) "If the assembled financial potentates are going to come up with any semi-plausible means of "fixing" the system, no matter how short-lived, they are going to have to make sure that the price of Gold does not take off." The insoluble problem for the 182 financial potentates meeting in Washington is fixing the money does not entail fixing the system, it entails a radical restructure of the system. Consider also the fact that physical gold sales are booming. In Japan, where the price of Gold in Yen terms fell by 15.09% in the week of Oct. 5-9, Gold is no longer being bought by the ounce, it is being bought by the kilo. Everything is in place for $US Gold to take off - except one thing. That is the event that would have the potential to decimate the system. There is no way that the obviously massive efforts now being made to save the system would be occurring without an equally intense drive to make sure that the $US Gold price stays quiescent.

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