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

To: ForYourEyesOnly who wrote (35963)6/27/1999 9:51:00 AM
From: John Soileau  Read Replies (2) | Respond to of 116752
 
<< Somewhere the "physics" of the situation must create
support.......>>
Yeah, no question about it, low-price choking off of non-CB physical gold with steady or rising demand applies a powerful upward force on price. In a NORMAL market. Problem here is, that upward force can be and has been opposed by an equal and opposite
reaction -- CB selling and leasing. The variable is time--WHEN will
the counterforce be removed or exhausted? Next week, or when most of the CB gold in the world has been sold and physically delivered, years from now? Who knows. Maybe the BOE auction results, or call buying activity, will give some clues.



To: ForYourEyesOnly who wrote (35963)6/27/1999 10:59:00 AM
From: Bill Murphy  Read Replies (2) | Respond to of 116752
 
THC,

The way I see it, the base in silver is like a base for a skyscraper.
It is broad and strong and can produce a big big move higher. The point and figure counts must show numbers above $10.

Gold is a sheep commodity. The tide will change and it will be back in fashion when the stock markets get really hit which has not happened in many many years.

Bill


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