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

To: Zardoz who wrote (54175)	6/13/2000 10:51:00 AM
From: LLCF	Read Replies (1) \| Respond to of 116759

<A comment like that deserves to point out that many of the hedgers are forward sold via FORWARDS not futures, and at the benefit to the producers.> It's still gold that can't be sold later if it takes off. <The fact that gold went from $340 to lower then $272 only goes to prove that the ECB agreement meant nothing in the longer trend> Sorry, but September to now is not 'long term'... jury still out. IMO Gold doesn't need that agreement anyway. All you've shown is that the rally didn't hold, if anything it bolsters my contention, how could gold spike so violently?? Producers didn't have room to 'lay into it' perhaps?? <You have no basis to formulate that the gold bear is over. Even today your rally is fading. This is not to say it is yet over. But rest assured that GOLD is at best range bound.> Wrong again, I believe that the equity bubble is bursting as we speak which will send the dollars sharply lower and all other currencies including gold sharply higher. DAK