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

To: Lalit Jain who wrote (42274)	10/6/1999 1:39:00 PM
From: Bill Jackson	Respond to of 116763

Lalit, I had felt a few weeks ago that gold was near an inflcetion point, and it was. The most significant factors are the recovering Asian economies, esp India which has deregulated gold and as Asian currencies strengthen against the dollar they will see gold fall, and thus buy more and we will see it rise. The opposite happened in the gold collapse as Asian currencies fell more than gold so they saw it rise. The short slaughter in process now will help, as did the Euro banks no-sell decree....I hope they stick to it. So we will see a good fall. Will it stick and let all the gold mines start up again?, who knows. Bill

To: Lalit Jain who wrote (42274)	10/6/1999 1:41:00 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 116763

Lalit, RE:"10. And ofcourse, Ole 49r is once again bullish (at least I think so)"... Apparently Ol'49er is still able to fool some of the people some of the time. This is what she said on her splendorous return to SI on GPM on September 21st, less than one week before gold took off to the upside. I quote: Message 11313701 "O/49r is back in the SI Posting Game! Let the good times roll! And let the price fall to $195 like I've been forecasting. I'm now ready to catch the falling knife, trrrrrrust me! YEEEEEEEEEEEEEEEEEHAW! Ballsy ain't I???-with gold up about $4 this am due to the trade report(VVBG)" ..... Sounds like we have a great contrary indicator here! <G>