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To: Lucretius who wrote (109120)	6/17/2001 5:39:40 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

Who is Van Eck & Associates?

To: Lucretius who wrote (109120)	6/18/2001 7:26:54 AM
From: Real Man	Read Replies (3) \| Respond to of 436258

Yes, but gold so far follows it's standard pattern of drifting lower while commercials accumulate, now from a record short position. A fundamental explanation? A lot of M3 increase was based on debt. So at least at initial stages of the debt collapse gold may actually decline. Of course, as soon as people get a REAL fear for their money in the bank, they will bid up gold. But as Myth would say, we are pretty far from that situation... It took Japan 5 years of the bear market to get to that point. Anyway, cash in the bank feels pretty good at the moment. Yes, the kingbuck. I mean, Eurodollars have record short commercial position. Unless there is intervention, Euro is not going up in the near future. It's better to miss a profit than to have unrealized one. I had a pretty nice profit since November in gold, I don't want to see it evaporate -g- I believe the Gold/silver Rally has not even started yet. I'll climb on board if/when it does -g-. Actually, this may be the last bear leg in gold, or runaway bull in the kingbuck.