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

To: Lucretius who wrote (41730)	10/1/1999 7:58:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116764

not really.. one would expect the shorters would have to cover and if their short position was as massive as some have suggested, one would have thought other speculators who were not short would have had a huge party forcing those shorts to cover.. the stock market isn't a mania...just a group of stocks within the market.. I am very bullish long term on gold as the world recovers.. but I think the European CBs let some of the air out of gold market by allowing it to go back closer to fairer value... also with Japan really showing signs of recovering..looks as if we might avoid financial meltdown which really could have spiked gold.. all is beginning to look a lot healthier? including gold bobby

To: Lucretius who wrote (41730)	10/1/1999 8:52:00 AM
From: Tunica Albuginea	Respond to of 116764

Lucretius Taurus,"Why isn't market crashing" &" all in good time". I agree . It's coming. Note form CNBC this : Bad news this AM on inflation: From Duisenberg(correct name? ) at European Central Bank " It appears inflation in Europe is back". "We have to watch this closely"' From CNBC this AM Chief Equities Director Reseann Cahn Swiss First Boston Personal spending up higher than expected 0830 this AM "" Car selling was hot in August". This is a red hot economy however "market seems to be shrugging these bad news ". "That's because" she said " It takes a lot of bad news to take the bond market down " And, " I don't think Fed will tighten next week; but they could put a bias on tightening in which case this will spook markets ." At this futures which were down 3 are now down 7.2 TA