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

To: Eashoa' M'sheekha who wrote (37003)	7/11/1999 12:59:00 PM
From: teevee	Read Replies (1) \| Respond to of 116770

taurus, Gold purchases(as in coins and some bars) are reportedly up...apart from price, a significant portion of the increased interest is thought to be due to Y2K paranoia.....you can be sure that the central banks will be be taking advantage of the increased liquidity at the current high prices before the POG continues its slide to the sub $200/oz range.....I wouldn't be surprised to see an increase in fear mongering Y2K articles in an attempt to increase the liquidity further:-))....leasing activity is also up(lease rates are up).....don't forget that leasing is as good as a sale, if the banks are willing to take cash in lieu........IMO, the POG will fall precipitously early in the year 2000, after the Y2K non-event is behind us:-)).....happy short selling folks....lets make some money here, OK? regards, teevee

To: Eashoa' M'sheekha who wrote (37003)	7/11/1999 5:48:00 PM
From: Zardoz	Read Replies (3) \| Respond to of 116770

imf.org "In private markets, the price of gold at times diverged from the official parity price. In 1961, a “gold pool” was formed by the central banks of seven large European countries, which agreed to cooperate with the U.S. Federal Reserve to operate in the London gold market to stabilize prices around the official price. Following heavy sales of gold by the participating central banks in late 1967, the pool was abolished, and in March 1968 the central banks announced that they would no longer intervene in the private gold market. This led to the segmentation of the market for gold into two tiers: an official market, where transactions were made at the official price, and the private market, where prices were determined by supply and demand.