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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (34959)	6/8/1999 6:27:00 AM
From: Zardoz	Read Replies (2) \| Respond to of 116764

Doug A K A long time I ago, while cruising the path to success, I found that crossroads that you speak of. But soon realized that further down, the road I took, it also had a crossroad. After making a second choice I continued. Soon I came upon more and more crossroads.... With this realization I started marking each road I was on. Years later, I went back to the beginning, and started the path again {different route}. Now I see the truth, "all roads lead to Rome", and all paths cross over others. And taking one path to another really makes little difference. Truth lies in the direction, not the path. To quote Zeppelin {directed to the thread}: 'Yes there are two paths you can go by-' 'But in the long run-' 'There still time to change the road you're on-' Maybe you've been on the wrong road? Jump over to mine. My road is safer, we don't fear CB's here. I didn't predict the Bank Of England selling of GOLD. I didn't need to. But I was ready to jump short on one of the producers. For over a very long time, I've said that there was two majour problems areas. Britain, and Germany. I had expected GERMANY and the Euro to start selling gold a long time ago to support there currency. What Japan tried to do in 97/98 with the YEN, Euro-land is getting away with now. And just maybe they have... members.xoom.com members.xoom.com How do I make my predicitons on GOLD. Well DoubleD may think it's due to entrails, but it's totally devoted to monetary facts. 1) Monetary policies effect currencies. 2) Economics policies ALWAYS effect Fiscal policies 3) Currencies ALWAYS seek to find a balance of economics policies between countries 4) GOLD is an asset that is a currency & commodity 5) Gold and foreign currencies MUST be sold to support or hold off the rebalancing effect. 6) For every unbalanced economy, due to currency support, you create a currency that can be attacked by Sorors {1992} 7) You can only stay off an attack while you have HARD assets or fiat currencies. 8) When you've liquidated the Fiats, what are you left with? Gold & silver. 9) Gold will then find it's way to the markets. Thursday, Jun 3 1999 4:48AM ET #reply-9923743 reference Gold "I can see that maybe it'll be a lower POG yet to come, since London is the larger market, and relative to the Pound the Price Of Gold has not had a second bottom. If we assume that the Price of gold in pounds will reach a bottom at 162.5, and that the US Dollar will achieve 0.630 GBP/USD or more in the follow few weeks, then we can suspect that GOLD will reach around 162.5/0.630 := $258 US/Oz. But this is really based on whether the US dollar can continue it's climb relative to the pound. I think with the economics in the UK, this is almost a guarantee." There's no emotions involved here. No fears, no worries. you say: "Its not that "you don't get it", but you decided not "to get it" Your 100% wrong, I got it, you don't. How many conspiracy theories do you need, before you confess to yourself you are wrong. I considered the theories a long time ago, and came to one: The CB's are supporting the POG. It's in there best interests too. My only enemy is forced devalueations like what Japan tried, and failed. In consideration for the price of gold, I consider only Currencies, US M1/M2/M3, US 1/30 year yields, XAU {reflective}, POG as solution, and two other measures. And the associated trends of the mentioned. So DOUG, step into the light, join our side. PS: It's possible that gold could base near where it is, for 25 years or more. Why is it that people can't understand WHY GOLD trades so heavy on the LBMA, and yet they don't have a problem with stock turnovers, which are usually higher? PPS: I aint you enemy {believe it or not}, but have any here REALLY asked the right questions?