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

To: Ken Benes who wrote (82533)	2/25/2002 1:14:47 PM
From: c.hinton	Read Replies (1) \| Respond to of 116814

You could well be right about the "kaboom"but there are too many other things that could go kaboom in golds favor.That piece about stolen super computer boards for example.Why were they stolen?To test weapons,to crack security codes, to create viruses,who knows,but why else would you steal them ?I have held a portion of my money in gold stocks since april of last year,but the bulk of my money is in gov. bonds.Gold is a hedge against the unthinkable.I sleep well at night having it.

To: Ken Benes who wrote (82533)	2/25/2002 10:29:07 PM
From: long-gone	Respond to of 116814

Reuters in part: "Meanwhile, Allied Irish was unable to confirm a report that a probe into fraud by a rogue trader at its U.S. subsidiary had found e-mails appearing to show collusion with a currency dealer at Citibank (NYSE:C - news)." biz.yahoo.com

To: Ken Benes who wrote (82533)	2/25/2002 11:26:38 PM
From: long-gone	Respond to of 116814

I think you're wrong. I doubt we'll see a near term close below $284-286. Feels like history is slowly returning and unless this is another 1975 there is a chance of a lower point in the May-Sept. - but these type date time frames can't really be seen as "near term". I'd almost bet this isn't another 1975. Based on observations of Twain history usually, at best, only rhymes. If the economy is really getting better there will be higher North American demand at some point between now and the end of the year. That higher demand might just drive a higher price, but not lower. Mine production may be some higher but not greatly. Even if Germany can jump through their every hoop & make the threatened sales begin, and begin quickly enough to impact this year's supply, they are bound by the Washington accord. Does anyone really believe the Germans to be as economically stupid as the BoE? They may be willing to threaten mass sales, but I don't believe they are willing to accept less than a good price. Didn't anyone else notice the prior recent German sale was in the form of Euro Gold coins which brought with it a decent premium?