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To: Oblomov who wrote (20649)9/22/2000 1:15:42 AM
From: Ken98  Read Replies (1) | Respond to of 436258
 
Oblomov, your gold component of the likely PPT action will be important in my opinion.

Given that the "perceived" issues right now are the twin problems of the Euro and oil, I look for 2 measures in addition to the usual PPT stuff. First, likely G7 action this weekend will try to strengthen the Euro and weaken the dollar somewhat. Second, I see an even larger SPR release coming than 10M. Heating oil alone would get that much and crude stocks would get a staggered increase of say 5M/week for the next several weeks.

Gold has seemed to trade recently inversely to both the dollar and oil. If both of these reverse, gold would increase based on change of this prior trend. This is not acceptable. Hence, the importance of your Burundi gold.

The price action for gold the next few days will be a good indicator of how solid a grip is retained by those that perceive they control uncontrollable events.



To: Oblomov who wrote (20649)9/22/2000 9:25:01 AM
From: pater tenebrarum  Respond to of 436258
 
ROFLMAO!!! i'll top that by five oz. of gold from the island Republic of Vanuatu!