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

To: Enigma who wrote (43385)	10/19/1999 9:26:00 PM
From: Cascade Berry	Respond to of 116753

Yes Gold is up 50. But nothing has changed! That's the strange reality of this news by the central banks! Small amounts of gold were being sold by central banks (not wholesale dumping) before the news. After the news they are now selling a little less (zero?). So the instantaneous actual supply demand situation has changed very little - only the perceptual consensus of speculators has shifted - it may now be out of whack. Thus the gold bear continues - once again speculators got sucked in on larger than average volatility in gold. More goldbugs (of the few remaining) are crucified. I agree that hedged stocks STILL have a long term advantage. I have decided that most of them will survive! Take Ashanti...got a financing offer from a Saudi Prince today...a very shrewd move by the prince methinks!