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

To: Lalit Jain who wrote (42263)	10/6/1999 12:48:00 PM
From: Zardoz	Read Replies (4) \| Respond to of 116762

one mature customer, convinced the price of gold would double by year end, cashed in all her mutual funds last week and snapped up $200,000 in bullion. Sign of a top in gold.

To: Lalit Jain who wrote (42263)	10/6/1999 12:49:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 116762

Lalit, Nice to hear from you again. This talk about frnzied buying will scare all those bare assed shorts to death. They may in fact try last ditch short efforts to chill the market, but they will need to have strong security as the buyers of the shorts do not want to be left holding the bag from an offshore corporation that shorted. In fact it may well be the denial of that type of shorting along with the 4%+ 'rent' that is killing the spec shorters. As 1 Dec approaches, hell will break loose. Bill

To: Lalit Jain who wrote (42263)	10/6/1999 6:14:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 116762

The story of the lady cashing in her mutual funds to buy bullion scares me. Big moves in bullion require more than the unsophisticated investor cashing everthing in for gold. Historically, these people become poor. I'd rather hear about China, Japan, and other Asian countries purchasing anything the western banks are willing to sell. When I see sophisticated investors exchanging dollars for gold, then I will know that there is a great deal of substance to this move. As of now, there is little of that. In fact the action in the seniors is telling a far different tale. Ken