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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: cool who wrote (21544)	10/14/1998 12:42:00 AM
From: Eashoa' M'sheekha	Read Replies (1) of 116762

Hello Daddycool. Thanks for posting that buttttttt....... We don't post these CNN/UPI/CNBC and other daily market commentaries anymore as they have proven to be misleading and self-serving propaganda. As a matter of fact,if you were to follow these reports over time,you would think it was a " bought and paid for "(BAPF) extension of the Wall Street Hedge Fund Community.But we all know that is not possible,so we just write it off to their " printing all the news they feel fit to print " without any of their own research and verification. For example...... " Traders said gold inched higher in technical trading after coming under light selling pressure after the U.S. dollar continued to recover against the Japanese yen on global currency markets. Dealers added the dollar/yen rate - a key to measuring market sentiment - was slightly negative for the market with a softer yen making the dollar-denominated metal more expensive for Asian investors." You see.....if these statements held any REAL value,Gold would now be at 325 USD where it should be given the strength in the YEN in recent past.They are FUN to read though,as it is always interesting to see how long they go before reverting back to their " old ways ". During the run-up in the YEN,Gold commentary regarding the YEN influence was a " Golden Silence ". NADA ZIPPO ZILCH ZERO Now an article was just posted here stating Asian demand is way up there and expectations of further demand outstripping real physical supply in the future.It is all just a game.Play along and have fun. This thread has ferreted out the truth more than any site on the net. We don't have to contend with people in the business such as brokers and floor traders who try to bury the truth with their " Company Lines " to have Joe SixPack believe this is a supply/demand market, and play trading ranges based on the flavour of the week analysis. Get the picture? PS:" Cool " handle.:)

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