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


To: marek_wojna who wrote (64332)2/23/2001 2:47:44 PM
From: long-gone  Read Replies (3) | Respond to of 116762
 
fwiw
an add
Gold Information Network
Red Alert – Buy Gold Now!

GATA just announced that “Rumors are flying in the gold world that an announcement of some kind will be made very soon regarding gold.” We believe that this news will have an immediate positive impact on the price of gold.

As a result, this is the first “Red Alert” we’ve issued in two years—“BUY GOLD NOW.” We’ve seen these kinds of events before. Quite unexpectedly in 1999, Central Bankers made an announcement supporting gold. It immediately drove up gold prices. We saw gold gain 26% to $340 an ounce in just nine days! It was a gold rally unlike anything I’ve seen since the late 1970’s when gold soared to $850/ounce.

Today, here’s why we’re making this BUY recommendation:

• There’s clearly a severe shortage of physical gold plaguing the market. In the past year, we’ve seen how an unexpected oil shortage tripled prices and that could happen with gold.

• Some new kind of Washington Accord may be announced shortly that would alert the world that Central Banks are about to reduce their lending of gold, creating further shortages on the open market.

• Frank Veneroso reports, “Gold loans could be as high as 17,000 tonnes , more than 3 times the acknowledged figure.” That would project to a current demand for physical gold that is 2,000 tonnes more than is currently being produced.

If the Central Bank rumor is correct and the supply of gold lending is about to be reduced drastically, we believe gold prices will react immediately.

GOLD TO $1000
In a recent interview on CNBC, James Moffett, Chairman of Freeport-McMoRan stated, “There’s no telling how high gold and silver could go. I suggest you could use the moves in oil up 300%, natural gas up 400%, and palladium up 400% plus. Gold is in just as short a supply. A move like these would put gold over $1,000 an ounce.”

While we at the Gold Information Network are not in the business of forecasting future gold prices, we firmly believe in gold. When you can buy gold today near the $260 level, gold offers you the lowest downside risk we’ve seen in 20 years, with excellent upside profit potential.

GREAT GOLD BUY TODAY!
For that reason, we locked in a large quantity of gold this morning through Austin Rare Coins & Bullion. They are making French 20 Franc Gold Roosters available directly to our subscribers at the lowest prices we could find on the internet—just $59 each or less in quantity.

Austin Rare Coins & Bullion has a team of Gold Specialists on call to take your orders of $1,500 to $10,000. You can call them at 1-800-928-6468 seven days a week from 9am till 9pm. Austin Rare Coins & Bullion has served investors and collectors since 1989 and is a firm you can trust. We recommend you call and lock-in gold prices today before the release of the anticipated announcement in gold.

For smaller investors, visit the Gold Information Network. You can order up to $1,500 online using your credit card for immediate delivery. Just click here - goldinfo.net

Sincerely yours,
Michael Byrd
President
Gold Information Network

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Notes to readers:
An excellent source of research on Gata and the Gold Conspiracy can be found at lemetropolecafe.com

Daily Gold Prices can be found at goldinfo.net



To: marek_wojna who wrote (64332)2/23/2001 3:03:23 PM
From: sea_urchin  Read Replies (2) | Respond to of 116762
 
marek : <Once we'll see valuations 10 times earnings instead of 150 on the NASDAQ then we can talk about bottoms.>
Those are reasonable bull market valuations. In SAf, at the moment, many very good (what ever that means) stocks are selling at 5 times earnings.

<Right now it will continue to slide down with short bounces up, DOW is already infected>
That's what I see --- S&P below 1000, NAZ below 1500. But others say the Fed will support the market as in 1987, 1997 because the US government can't afford to have a major bear on its hands especially now that people's pensions are in the market.

<printing money is the only salvation for present administration>
Nothing new about that. Already the US is the biggest debtor nation with 5 trillion debt. So, what's a few zeros? Let's make it 10 trillion. No problem as long as CNBC says there's no inflation.

<On the other hand deflation will mean mass unemployment, banks going under in record numbers, 1920's but on much larger scale.>
They'll have a war against Saddam or Somalia again. Only this time they'll use 500,000 soldiers. And 50,000 cruise missiles. Anything , but deflation.

<Too many guns on the streets.>
You aint seen nothing --- come to South Africa!! Here they hit cash-in-transit trucks or banks with 20-50 guys carrying AK47s, RPGs, hand grenades in military-style operations.