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To: Crimson Ghost who wrote (45010)11/14/1999 5:00:00 PM
From: Mark Bartlett  Respond to of 116753
 
George,

<<But once this inflow of funds reverses (probably early next year) US financial assets could take a really big hit. And that could get gold moving towards $400 more quickly than most think possible>>

This is precisely how I see it unfolding too.

Gold is being held down at this point in time, because if it were allowed to run, the process would feed on itself - the result would be paper fleeing to gold rather than assets. With the supposed short position that exists in gold at the present time, we could have seen a potentially meteoric rise.

MB




To: Crimson Ghost who wrote (45010)11/14/1999 8:20:00 PM
From: Jim McMannis  Read Replies (1) | Respond to of 116753
 
RE:"The Y2K laugh is on the gold bulls. The big Y2K beneficiary is turning out to be US financial assets. Foreign funds are pouring into the US because of the perception that we are more Y2k compliant"...

I've always figured Y2k would have an effect on gold. Just wasn't sure what it would be. You're thoughts are provoking.
Stll 40 some odd days left for something to happen...

Jim