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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (17115)	6/13/1999 3:09:00 PM
From: Bruce Denney	Read Replies (1) \| Respond to of 99985

bb...do you or anyone interested,have any thoughts on just who will be buying all this gold. Not to many comments on who and why....gold looks like it headed to the 222 area imo. good trading to you all. BD

To: bobby beara who wrote (17115)	6/13/1999 4:39:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 99985

BB; You bet they want to drive it as low as they can before the UK and such sell, after that point you will find the supply drying up fast. Production cuts at mines and a sort of Gold OPEC will come into effect, then the run up begins. When you see the mining co's going up in spite of gold going down you know there is more in the wind than the news pundits know about. The more they pound the table about how sorry gold is the more I'm convinced that back room deals are being cut to dry up the supply. The money monkeys will try to take control of as many mines as they can before they call in all that is lent out and slam the door on the shorters. --------------- The only tip off I see is the miners started going up on all the bad news. In a way I'm glad to see the Gov get out the gold biz, it ought to be outlawed that they can deal in it at all, as all they ever do is sell out to the money monkeys & screw their own citizens. Pisson a gold standard and all the shallow minded predatory parasites that keep trying to force it on us. Like we can depend on some government to not manipulate the price of gold, and when they do what the crap good is a gold standard, all we wind up with is Government setting prices on the gold, & then every thing else. I hope they sell every drop and laws are passed they can only keep what they need to use , and are never again allowed to buy/sell any strategic metal. If they buy they should by law be required to use it, and never sell it, as they will always cater to the money monkeys with the timing, just like they are doing now. Jim