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

To: lorne who wrote (35273)	6/13/1999 2:43:00 AM
From: Investor-ex!	Respond to of 116753

Well that IS the $64 question. You'll note that the XAU has already seen enough to disconnect from the physical. Then there is the situation of cause and effect. Generally speaking, the gold sales rhetoric does not cause the price to go down as much as the gold sales rhetoric acts as a thinly-veiled justification for setting prices lower, which appears to be the real goal after all. None of these actual or announced gold sales ever amount to more than a few days volume on the London gold market. Gold will reverse when things either are "aligned" for a reversal or when events "force" a reversal. In other words, the powers that set gold's price will start setting prices higher when they are good and ready or should they completely lose control of the situation and be obliged to change course. Some are accumulating for the former, others for the latter. How much lower prices go I don't really care, as it allows for accumulation at better prices. Instead of railing against this turn of events, it's probably better to accept the gift being offered. As caveats, don't use margin on the stocks, stick to the majors at first, and always, always, always take delivery on the physical.