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


To: Bobby Yellin who wrote (41146)9/27/1999 4:57:00 PM
From: Alex  Read Replies (1) | Respond to of 116944
 
<<"The most important thing this tells the world is that central banks are worried about the current low levels of gold prices," said Lawrence Eagles, gold analyst with GNI Research in London, who said the price could reach $300 an ounce within a couple of days. >>

cbs.marketwatch.com



To: Bobby Yellin who wrote (41146)9/27/1999 5:09:00 PM
From: Tunica Albuginea  Read Replies (2) | Respond to of 116944
 
Bobby Yellin, as I was reading your post
rmtt-ltd.com

I had to stop and wipe a couple of tears from eyes for the short sellers.
I think however I will be able to finish reading it today.

Great article.

For years econ 101 was buried, with inflation.

I guess a monster stock market, with PEs of 1000+ is non inflationary
by today's new econ criteria. Similarly all the pay raises in options
( they don't show up on co report ) are also non inflationary, nobody is getting high pay.
( I am sorry if I am defining high pay by the same old
antiquated standards: high pay is when you get billions for
an internet - money - loosing - company ) .

Back to gold. Now where were we.....
ah yes.. a monster squeeze in the making?....GG

:)

TA

Message #41146 from Bobby Yellin at Sep 27 1999 4:53PM

just reread this article by Hathaway.. it is going to get more interesting

rmtt-ltd.com



To: Bobby Yellin who wrote (41146)9/27/1999 7:00:00 PM
From: Alex  Read Replies (1) | Respond to of 116944
 
<<NY PRECIOUS METALS REVIEW: DEC GOLD UP $14, OR 5.3%, ON EU NEWS
New York--Sep 27--COMEX Dec gold futures settled up a spectacular $14, or
5.3%, at $283.80 per ounce after jumping to a 5-month high of $287.80 overnight.
Gold climbed on news the European and Swiss Central Banks will cap gold sales,
although their announcement that they would not expand gold leasing was an even
greater factor in the price jump, said traders and analysts. (Story .2333)>>

crbindex.com