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

To: Bill Murphy who wrote (36036)	6/28/1999 8:19:00 AM
From: long-gone	Respond to of 116741

<<That is when the tide changes.>> Bill, I've always wondered if the internet stock investors(& other high P/E) could take as well the drop which has happened in the issues of the gold companies? Could they stand to average down as often as some bugs? How much pain could they stand? If they liked it at 250 would they love it at 6?

To: Bill Murphy who wrote (36036)	6/28/1999 9:25:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116741

Bill: I just saw Clinton on television commenting on paying off the entire national debt by 2015. He further went on about the direct benefits of the US having no debt, lower interest rates. It is no coincidence that this speech was made now. Controlling the price of gold is one leg of the global financial strategy. The other is controlling interest rates with a little jawboning. The significance of this, the rally you are looking for is not going to have legs. The stakes are too high. True the BOE may be embarrassed by the low price they will receive for the sale of their bullion, and GATA may be raising some interesting question. These events will be dwarfed by the maintenance of stability in the global markets. Gold will not move unless, the producers take a much more proactive role: closing 250 production and replacing it with cb gold. This past week Broken Hill closed some copper mines in the US and copper responded immediately to the upside. The same will occur for gold, and this policy will be an accelerant to pushing the shorts out of the market. Anything short will add more frustration to the gold market that will witness another failed rally. Ken

To: Bill Murphy who wrote (36036)	6/28/1999 9:48:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116741

This time is different..more and more individuals are relying less on fund managers and are trading their individual accounts..I don't know my history..but this might make it more difficult for the financial types to steer the market..also a lot of people have been very success margining themselves..so if there is a drastic fall..it might bring on an even more drastic fall as they have to cover their margin calls by selling more and more..whereas usually mutual funds have cash on the side and aren't marginned..they just have to worry about redemptions

To: Bill Murphy who wrote (36036)	6/28/1999 2:15:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116741

OT Bill, When you next speak to your contacts, ask if PPG or any other automotive glass maker is in the Silver market buying? Also, ask about exports of silver to Japanese Auto glass makers. Might just be a big deal. rh

To: Bill Murphy who wrote (36036)	6/29/1999 12:47:00 PM
From: Ken Benes	Read Replies (3) \| Respond to of 116741

Bill: There goes another rally. I will say it again, no rally will succeed until and unless the producers get their act together. Tell GATA to save their bucks, the pr campaign will fail in the end. It is up to the producers. Ken

To: Bill Murphy who wrote (36036)	6/30/1999 8:38:00 PM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 116741

There are consistent rumors that a major N.Y. trading house is planning to take delivery of large amounts of July silver.....Goldman Sachs took delivery today of over 1,200 lots. Lookin' good! THC