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

To: Zardoz who wrote (51675)	4/18/2000 9:23:00 AM
From: long-gone	Respond to of 116753

<<If gold is like a currency, it MUST behave as a currency. Supply and demand are the precieved limits of the margins.>> Is not gold also(or perhaps only) a commodity? It is included as a commodity in every list from the CRB & the oft quoted Merryll Lynch commodity pricing survey - to the government inflation index. While most will agree the "aliens took it" is far from valid there are other factors which could well effect the supply Vs demand if gold is a also a commodity. As the Central Banks have been near 30% of total supply, if they are running out there will be an impact on price! If the US Treasury(which unlike the rest of the world nations holds the bulk of US gold reserves Vs our CB - the Federal Reserve) has been selling or loaning gold - as proven by their refusal to preform an audit - then there will be a supply demand default & price increase. If the US Treasury has been selling gold over the last 4-8 years then at some point they will no longer be able to sell or a change in administration will stop this supply! When this administration attempted to make people believe an audit was done when it was not, all should believe there is a problem!

To: Zardoz who wrote (51675)	4/18/2000 11:25:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116753

Hutch, "Bull Market?" Just as I expected today: A strong nervous rally at the open and a very possible late day sell off. I would buy into that sell off near the close for a trade. The Bear Rally will last a while before it fails. Investors will emerge dazed and confused from the heights of elation leading first to denial ( which is where most investors are at now unless they received a margin call), then to despair as they adjust to a more sobering reality. As hope descends into surrender and markets capitulate, there are choices which are somewhat beyond our control as individuals. I hope Greenspan gets the message before it is to late: There is still time to change monetary policy and begin easing before a recession sets in. If Greenspan doesn't start easing, what will take place is a series of alternating rebounds that fail, destroying faith, and putting into question the basic philosophy of the new era generation. It will eventually trigger a sell off in the New York Stock Exchange that was comparable to what we saw most recently in the already decimated Nasdaq Market Place. I'm especially concerned here about a possible derivatives blow up, similar to what took place in LTCM in the late summer of 1998. If that comes out of the closet over the next few weeks, then the S@P could see 1040.