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

To: Ken Benes who wrote (43174)	10/17/1999 3:21:00 PM
From: Jim McMannis	Respond to of 116756

Ken, Seems to be a number of people here (no names, as I don't concentrate on that) that are waiting with baited breath for the stock market to crash and gold to zoom upward. Almost like a grudge against those that have lucked out and made money in the general market while gold languished or maybe a grudge against the FED or the CBs or the so called gold cartel that has "manipulated" the POG. Well, I can say I blame them but this isn't the first time the investing public has been given the shaft, won't be the last. Best thing is not to let emotions get in the way of past history. Certainly I wouldn't mind picking up some CISCO at 20 or GE at 30 but as you alluded to the repercusions would be devistating. Anything can happen but if I knew this was going to happen I probably would opt for cash or puts. I think the best scenario for gold would be inflation to build, AG be scared to hike and the stock market to sawtooth sideways at best... If the market crashed like '87. AG would add liquidity and a real flight to quality would occur, vis a vie treasuries. Treasuries were lock limit up for 3 or 4 days immediately after the crash. A recession was anticipated and we know gold stocks were sold off...either anticipating the recession or to cover losses in the stock market. Regards, Jim Monday will be an adventure...

To: Ken Benes who wrote (43174)	10/17/1999 3:32:00 PM
From: The Barracuda™	Read Replies (2) \| Respond to of 116756

Unfortunalty I think this gold cartel is only a product of Murphy's imagination.

To: Ken Benes who wrote (43174)	10/17/1999 4:02:00 PM
From: goldsnow	Respond to of 116756

A policy shift by the Bank of Japan last week has set the stage for joint foreign exchange intervention to support the dollar if needed, former Japanese vice finance minister Makoto Utsumi said on Sunday. ``There might be growing concerns among (tripolar) currency regions, the U.S. dollar region, the Japanese yen region and the euro region,' about the dollar, Utsumi told Reuters Television. biz.yahoo.com

To: Ken Benes who wrote (43174)	10/17/1999 10:15:00 PM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116756

Ken, <<Jim McMannis has succintly stated many times, gold equities will perform better in a good market and go down the tubes in a bear market.>> I agree - a slow grind down will be the best environment for gold and it will help preserve wealth - which is the name of the game. MB

To: Ken Benes who wrote (43174)	10/17/1999 11:10:00 PM
From: d:oug	Read Replies (2) \| Respond to of 116756

Ken, I forget who it was that said over and over that the gold producers held the key to the price of gold. Could have been you, but I don't remember except I and many others focused on GATA & Bill Murphy as holding the key. Either way it looks as if the gold produces outside USA, along with the activities of GATA will open the overhead trap door and let the price of gold rise upwards. As for the GATA attack in Denver, all it will take is one big gold shareholder in one gold producer to dump and buy into another. sell the one with big hedging buy into another with small or no hedging just one, and Panic Time will happen or maybe a lot of little shareholders to start a trend that will feed onto itself and accomplish the same liken to yelling FIRE in a crowded room not legal, not good but GATA in a small low voice yelled gata so now lets see monday morning if anyone heard it and if so, and they "go" and other notice then it will grow doug