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

To: re3 who wrote (62981)	1/25/2001 12:11:43 PM
From: GST	Read Replies (1) \| Respond to of 116753

Ike: If the game is being played as many here seem to think, and if the gold manipulation is a giant fraud on the market, trading in non-existent gold in effect, then the end-game might be for the speculators to buy the mining companies -- to the extent that they are unhedged. If/when the price of gold reverses, the unhedged mines could drive the mines that sold forward to the wall and and buy out their gold reserves on the cheap. In other words, the movement in gold could be preceded by a big move in the price of gold stocks without any movement in the price of gold until near the end of the reversal process. I am going to stop looking at the price of gold. The sign of a reversal is more likely to be in a reversal of gold equity prices. We might already be seeing the signs of that reversal. Good luck and thanks to all for the help.