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


To: Berry Picker who wrote (42309)10/6/1999 10:10:00 PM
From: ali  Read Replies (1) | Respond to of 116822
 
Hi Brian,
not to worry about that little hickup, because a bigger one is to follow.Until all the shorts are down and all commitments are addressed there won't be peace in the gold family.I see all these comments about the little old lady buying a gold bar in Toronto and that this is a sign the gold fever has reached its top; FAR FROM IT.Several weeks ago I got a an email from a friend in Germany who has a bunch of gold coins and wanted to know what he should do with it, now that he is retired.He wanted to sell and the people who sold it to him were very reluctant to buy back that stuff.I advised him to wait a few month.Lo and behold, see what happened in 2 weeks since.The same dealer is hunting him to sell now.Guess what,that gold is not for sale anymore.There is a lot of gold(mostly in coins) in Germany and I did not see much hysteria or anything about gold resurgence in the dailies over there.So to speak of a run on gold because of one old lady buying gold(I bet this is a planted story)is a lot of horse manure.
I think things have not even started to get to an equilibrium in the gold price.