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

To: Gary H who wrote (41091)9/27/1999 12:36:00 PM
From: John Soileau  Read Replies (1) | Respond to of 116790
 
Yeah, there's an epic battle going on in the NY spot market today.
Would love to be a fly on the wall in the trading pits. NY has shaved 4 bucks off the runup so far, tug of war continues. Maybe I'll stay up
and watch the overseas action tonight.
John
PS where's Ole49r, it's party time?



To: Gary H who wrote (41091)9/27/1999 6:09:00 PM
From: Rarebird  Respond to of 116790
 
< It's not in the interest of the US Markets to have a run-away gold price.>

But at this point the noose around Gold's neck has been lifted: the threat of unlimited central bank sales has been nullified. The Baby can now fly freely and naturally.

It is not in the interest of the US Markets to have run-away inflation, but that is exactly the situation today. And the rise in the gold price is testimony to it.

The rise in the POG is going to make them eat their words.


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