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

To: long-gone who wrote (63813)	2/16/2001 12:45:57 AM
From: goldworldnet	Read Replies (1) \| Respond to of 116770

Hi Folks, Today was a rough day for the price of gold. I wanted to make an observation about the current price. Back in 1999, prior to the Washington Agreement, gold was trading for similar valuations we see today. The "gold shorts" of 1999, relentlessly tried to break $250 US for POG. They Failed! After the Washington Agreement, gold rocketed over $84 US. In the following year and a half, gold has once again been beaten down to the current level. In 2001, "gold shorts" are no less desperate than they were in 1999 and in my opinion, even more desperate. There are marked differences today. It is not only "Goldbugs" and "Contrarians" that question the viability of the US economy and its reckless rate of expansion. Recession is in the wind and it is being reported by the mainstream media daily. The Nasdaq fell 39% last year and the DOW fell 5%. The "Money Makers" and "Derivative Dumpers" are running scared. They will be no more successful in 2001 than 1999 and in my opinion, decidedly less so. Best to All, josh ***

To: long-gone who wrote (63813)	2/16/2001 1:30:18 AM
From: Zardoz	Read Replies (3) \| Respond to of 116770

Here's why gold went down today: Rumour is that the CB of Canada knew about Nortel press release before it happened and sold Gold today via futures and spot as well as shorting gold producers during the day. They want to raise cash to aid support to Nortel tomorow. For those whom aren't up on Canadian politics, you may not remember that during the last time Nortel warned Oct 25/00 the CB head was on TV during business hours. This is rare on any occasion {while the markets are open}. His reason then was to comment on the point that Canadian CB may not follow the US CB actions. Yet the first question posed by the press was about Nortel. And as you may recall his comments was that Nortel was a superior company that will withstand any market downturn {AKA: worthy of investment} This interview was done ONLY to prop up the failing Nortel stock... far be it only temporary. When one stock controls so much of the Canadian markets you can expect the full force of the CB to act in the best interest of the Canadian economy. quote.canada-stockwatch.com If life goes as it should, you can expect the CB head of Canada to be on TV again tomorrow. And 'know' doubt he will be flogging the merritts of Nortel. You may remember my PM to you before when he did this Richard? Hutch Addition: But then I guess you do remember your comment: Message 14662093 From: long-gone Wednesday, Oct 25, 2000 10:11 PM View Replies (1) \| Respond to of 63817 Has anyone thought there might have been a relationship between Nortel crash POG drop and fact Nortel is Canada based?