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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Bernard who wrote (11596)	10/6/1999 12:17:00 PM
From: Thor Carlsen	Respond to of 14226

Latest stuff. XAU at the same level as it was on two prior spikes in the last 12 months. Nov 1st of 98 and June 1st of this year. XAU down all summer on (ECB) British banks selling reserves. XAU up on (ECB) British Banks not selling any more of reserves. Tony Blair caught flak for selling and now he must be wondering why he didn't sell today instead of a couple of months ago. That cost the British people a lot of money. The British sales of gold had more buyers than expected. There was no auction. People in the queue paid asking price. There are mixed messages going on here. In order to keep Russia, China, and all from going postal the prices must rise of their producing resources and we must keep IMF money flowing, even if 95% is skimmed off the top. This is the kind of strategy that they would like to play. Others going postal, goldless, who have a vested interest in the world stock markets would rather see a strong dollar and a climbing DOW. But that won't happen with gold at 4-600+ dollars. These folks depend on the DOW to keep their own markets afloat. After it is all done, people will remember the tulip mania and what excess liquidity really does. OH what to do.......