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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: SnowShredder who wrote (19904)	1/8/2001 3:54:30 PM
From: TATRADER	Respond to of 59879

thanks again for use of book Collin...Will mail it back to you in a couple of months, if that is ok...Otherwise if you need it sooner, let me know....have a hectic schedule the next month 1/2.... Here is an interesting post on The Saudis..... When you analyse supply and demand in the gold industry, you get around 2,500 tonnes of supply against 3,200 to 3,500 tonnes of demand. Most of the demand is in jewelry, and most of the privately held 100,000 tonnes is also in jewelry. 32,000 tonnes are in the coffers of Central Banks, and Frank Venerosa estimates about 12,000 tonnes of it are lent out at 1% (which does not cover the risk that it will not be returned, nor provide a meaningful fiduciary return at all demonstrating its manipulative qualities) as part of the Central Bank manipulation to hold gold down as testified by Alan Greenspan to Congress when he said the gold price would not rise as the Central Banks stand ready to lend gold out to hold the price down. If the dollar falls as we think and the Wall St. stocks here also fall, then the Saudis who have perhaps 500 billion to a trillion invested here will have to choose whether to put that money into bonds in Europe, where the Euro should rise, or gold. It is important to note that the value of all Central Bank gold is under three hundred billion dollars, so Saudi purchases could easily overwhelm any effort of the Central Banks to lower its price. Central Banks have an unlimited ability to raise the price of gold by creating credit to buy it, but a limited ability to lower the price by either selling their gold to lower it if they persist in expanding credit, or contracting credit to create a deflation that reduces economicdemand. It would not appear that the latter is desired in the sense of creating a recession, so slowing growth would merely reduce the growth of demand by not reduce demand. Some believe that the Saudis and other assorted Towelhead Arabians of today that are in control there are different than the old- timers of the 1970s whose purchase of gold with the oil money drove its price over 800.00, and that they also have been warned by the United States to refrain from gold purchases or face the consequences. As you probably well know, the Saudi princes had their Lear jets ready for takeoff sometime back when fighting broke out at a mosque, and a full division of Pakistani troops were brought in to stabilize their monarchy, and while many Pakistani troops are still there, the United States has a contingent of forces there also. The CIA has framed a contingency plan that if radicals move to overthrow the Saudi regime, they will call in their Israeli forces to occupy Saudi Arabia.