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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: marynell who wrote (2127)	9/16/2001 1:24:04 PM
From: jrinvestor	Respond to of 4051

What I believed about the Gold markets on Monday September 10,2001 and how they would move over the next 6 months has changed. The current events are in control of our investments and our lives. We have forces at work trying to manipulate the actions of the markets on Monday and we have no idea if there is an agreement between the big players as to how they are getting out of this market. I am glad I am just a spectator this week.JR GOT GOLD GOT GOLD STOCKS GOT CASH..................

To: marynell who wrote (2127)	9/16/2001 1:28:23 PM
From: russwinter	Read Replies (2) \| Respond to of 4051

<Governments all over the West will sell gold to suppress the price.> Some, but I don't believe all, as most will fend for themselves. The news out of Latin America is an important example that reflects a sea change in philosophy. It is primarily US financial institutions that are involved in gold derivatives and carry trades (mostly short gold/long eurodollars) that are in the most trouble, so it could be the US only that will try to suppress. Mostly I think they will just try to keep the "delta" (extreme price moves that make the black box formula highly flamable) in check rather than actually suppression (will be impossible because buyers will line up en masse for the free gift). It is interesting that Greenspan sent a fairly clear message (for him) last May to players in the gold derivative market to get their house in order. That I think is his signal that the Fed would not be in a position to bail them out on this trade. In effect the Fed (Custer)is down to a few bullets at Little Big Horn. I'm not so sure gold suppression is much of a concern right now in the greater scheme of things.

To: marynell who wrote (2127)	9/16/2001 4:04:57 PM
From: Crimson Ghost	Respond to of 4051

I agree that gold probably will not rally too much this week. I look for a peak Monday morning coincident with the probable stock market low.. But after a correction we should go much higher IMHO.

To: marynell who wrote (2127)	9/16/2001 9:10:40 PM
From: baystock	Respond to of 4051

<Wealthy investors all over the world will take delivery of physical gold, and this is what will move gold up. > Good point. Up to now investor demand for gold has moved primarily into paper gold because of its convenience vis a vis physical gold. But paper gold can be created in unlimited quantities just like fiat dollars so it doesn't do much for the gold price. During war only physical gold may satisfy some investors especially wealthy Arabs who may be caught in the middle between the West and the radical muslims.