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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (1997)9/21/2001 7:12:27 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 36161
 
In a recent post Bill Murphy reported that a prominant bank gold analyst had said that the CBs would do all they could to prevent gold from going over $300. Bad for confidence you know. Perhaps gold stocks players are taking him at his word.



To: gold$10k who wrote (1997)9/21/2001 7:35:29 PM
From: SliderOnTheBlack  Read Replies (4) | Respond to of 36161
 
re:"What's keeping the gold stocks from moving up as strongly in response to the POG as they have historically?"

Listen & listen carefully...

Gold is trading only a couple of hours a day.

It's a bubbling, steamin', vibrating kettle right here & the ESF/PPT team is doing everything possible to not let the "GOLD" alarm go off right here, right now....which absolutely would send the market into panic.

Their intervention includes the metal itself and the stocks.

Just be patient...we are ramping money supply and liquidity here while production is collapsing... and what is the definition of inflation ?

...too much money chasing too few goods.

Here is a great post from gold-eagle.com:

Read it, study the charts; this post hits on every internal & external catalyst present for gold here.... an excellent article:

gold-eagle.com