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

To: long-gone who wrote (36525)	7/5/1999 7:08:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116753

Gold auction sparks theories of conspiracy << The gold price has been dithering around $260 an ounce for the last three weeks. And some analysts, such as Michael Coulson of Paribas, believe the auction will spark a sharp rally of "at least $15 an ounce". But Tony Warwick-Ching, of Virtual Metals Research, said it was just as likely that the auction would lead to "a swift price correction as investors take profits and producers snatch at the chance to rebuild hedge books". >> ft.com ***** Morning Richard, I guess you pay your money and take your chance. Have a great one. John PS - Canadian stock markets are open today ... Will be interesting to see if gold stocks drift higher.

To: long-gone who wrote (36525)	7/5/1999 12:39:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116753

Richard, It is obvious we are on completely different wavelengths. Whereas you look to see how much domestic natural gas is available, I'm looking internationally. You think protectionism whereas I believe in the lowest price possible. But let's not forget that the strong US dollar is seriously impacting the competitiveness of our goods overseas. But that is not a condition that can last forever, so with the fall of the dollar, exchange rates will help in making up for some lack of "protection" we must bear in order to keep the world from falling into depression. That may be when "this situation" ends. Regards, Ron