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


To: Rarebird who wrote (41484)9/29/1999 9:31:00 AM
From: Tunica Albuginea  Respond to of 116764
 
The big, BIG issue here fundamentally is Japan. They are coming back and Asia with them.
They will buy gold.( always have ).
The Japan recovery is on target.They have broken their No 1
taboo: laying people off;Now that a trickle started, soon
it will be a river;
Companies will make better profits.Japanese will invest
in Japan instead of the US were wages are just starting to peak. ( theirs instead are just starting to go down ).

With stronger Yen they will be less likely to
buy dollars ( yen was 156, now 104 ), and
fund our giant 5 trillion card credit card
national debt.
Meanwhile we are unwilling to cut Guv spending so the tendency is to print more money.

As dollar value falls, gold will regain it's luster as the International currency.

Looking for gold at $400, <VBGGGGG>,

TA



To: Rarebird who wrote (41484)9/29/1999 9:34:00 AM
From: John Paquet  Read Replies (2) | Respond to of 116764
 
RT DEC gold @$307, very supported @$306, soon $325 will be broken. Then $400 within days.

John Paquet



To: Rarebird who wrote (41484)9/29/1999 9:39:00 AM
From: Edmund Lee  Read Replies (1) | Respond to of 116764
 
If I have not mistaken ABX's
CEO were asked by CNBC about hedging program and he replied that ABX still have some low cost mine to develop.