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

To: ahhaha who wrote (44216)	10/28/1999 1:24:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116922

Ah yes - but the boring ones are the ones nobody wants - and what do they say? 'Buy them when nobody wants them!'

To: ahhaha who wrote (44216)	10/28/1999 1:24:00 PM
From: SwampDogg	Read Replies (2) \| Respond to of 116922

You are a joke... Being bearish on gold is "the contrary view"? The volatility in the gold market in the past month is "boring"? What is boring is listening to your pseudo-intellectual mumbo jumbo. If you find gold boring then move along please!! PS Why is bread more expensive then it was in 1980?

To: ahhaha who wrote (44216)	11/6/1999 5:38:00 PM
From: Ken Benes	Read Replies (6) \| Respond to of 116922

I just returned from a trip to Europe. After several discussions with some prominent people and viewing the markets from a European perspective, expect the price of gold to remain rangebound around 300 at the high end and 275 at the low end. The following notes are a list of events that have occurred and what can be expected: 1. The announcement by 15 cb to limit sales of gold pulled the rug out of the speculators and the leasing game. 2. This was intended by the Europeans to end the unrestricted activities of the bullion banks with the support of the US fed to expand the gold carry trade. 3. The Europeans were also worrying about the sale of the BOE gold and how it was done. They also had concerns about the third world countries that earned a lot of their currency thru the sale of gold. 4. The Europeans had no intentions of letting the price of gold being effected by a short squeeze market that would contribute to gold fever. 5. In the eyes of the Europeans, 300 dollars is an equilibrium price, that will satisfy the third world countries, allow the hedge programs to be unwound in an orderly manner, and is looked upon favorably by the major gold producers has a good environment to operate. 6. Dealers are flush with inventories of gold purchased at low prices and are not likely to enter the market at above 300 dollar prices. 7. When the millenium arrives without a financial collapse, the demand for gold will recede and some gold purchased for a doomsday scenario will hit the market increasing supply. 8. The move in gold is over, to believe otherwise is too perpetuate a false hope. Ken Ken