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To: Gabriel008 who wrote (145874)	10/27/1999 9:39:00 AM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176387

Name one time H&Q has been correct in their timing relative to the PC Makers. This is truly incredible. PC Makers are coming into their strongest season of the year. All analysts know it and the analysts are finding ways to get lower stock prices for their clients to purchase.

To: Gabriel008 who wrote (145874)	10/27/1999 9:40:00 AM
From: Ian@SI	Respond to of 176387

OT: Swiss Gov't Dumping GOLD. Thought this thread's favourite flakes would just love this story. Who would ever have guessed? except for me, most on this thread, and most of the rest of the world. ;^) Ian. +++++++++++ Wednesday, October 27, 1999 Swiss auction plans drag gold price down By KEITH DAMSELL The Financial Post The law of gravity -- what goes up must come down -- took a big bite out of gold and gold stocks yesterday. The precious metal plunged as low as $288.75 (US) an ounce yesterday morning following news Switzerland will continue with plans to sell 500 tonnes of gold to finance a humanitarian fund. The yellow metal rallied in midday trading only to tumble again in the afternoon, closing down $10.10 to $288.90 (US) in New York. Gold's 3.4% tumble in value made yesterday the seventh straight session of losses. Only three weeks ago, gold touched a two-year high of $339 (US) in response to a September agreement among Europe's central banks to limit future gold sales and lending. The likely Swiss auction "is a reminder to the market the selling [by central banks] ain't over," said Martin Murenbeeld, a Victoria-based independent gold analyst. Investors can expect volatility as gold struggles to define its trading range. "No one knows where the level is now. That's the problem," said Victor Flores of HSBC Securities in Toronto. ... "Normally when you get a quick run-up like this, whether its a commodity or a stock, it gives back about one-third and then [the rally] continues," said Robert Van Doorn of Loewen Ondaatje McCutcheon Ltd. in Vancouver. Gold's fall is welcome news, however, to producers whose forward selling programs backfired when the spot price rose above hedges. Ghana's Ashanti Goldfields Co. Ltd. and Canada's Cambior Inc. are negotiating with creditors in the hopes of unwinding hedge positions that threaten financial stability. "The lesson is that while there are gains to hedging in a declining market, there are clear costs to hedging in a rising market," said Mr. Murenbeeld.