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

To: baystock who wrote (40994)	9/27/1999 4:23:00 AM
From: baystock	Respond to of 116790

2 Posts by Richard640 on gold-eagle: The green light has been given on gold to investors (richard640) Sep 27, 03:33 As a few have already mentioned tonight--the stigmata has been removed from gold by the C.B.s' actions.-the next day(perhaps today even ) that stocks are down substatially and many diapers are soiled on Wall St., gold could receive the attention that asset allocators have given to bonds during equity mkt. turmoil, Additionally, proprietary trading desks plus the small investor could come on board--especially the new community of day traders who seize on any hot trend. I just don't see gold having a big day today in N.Y. and then playing possum-I think this C.B. development has brought all the elements together for taking out the old high.Let's not forget the $100 trillion of derivatives out there that "haven't mattered" and are "fully hedged" (wink wink nudge nudge). David Tice has nicely documented all this debt & leverage that the world trading desks have so blithely and insouciantly accumulated this decade. Yes, guys and gals, the stage is all set--the mise en scene is superb---all the actors have to do is mount the stage and let the show begin. Ranch Hand--I'll take a cup-do you have any half & half? Hi Bryant (richard640) Sep 27, 02:57 Hi Guys! I posted on this forum a few days ago, when gold was up a dime off the lows that I remained stolid and impassive and would not crack a smile until gold was up $25 to $50 in a single day-well, that could well happen tomorrow-I also said that I did not think gold would "do the creep" once it got going--that is to reach, say, $350 or so in 6 or 9 months. Gold could reach $500 quickly--in a few weeks-if one zillionth of the money out there in Radioland wants to focus its investment attention upom it. I aree with the person who queried if Y2K had anything to do with tonites activity-I think it does because this gives a green light to those who were considering a bit of gold as part of their Y2K preparation. BRYANT---as for the S&P being up a nickel---I have noticed that when stocks are in a bear phase, they often open up and the rally fails quickly---the opposite occurs in a bull phase--so I'm not impressed with the Globex S&P action--AS FOR THE $ being up- I want to see that fade-it would be better for the sustainability of this gold move which looks like the beginning