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To: stan_hughes who wrote (187248)8/12/2002 5:45:29 PM
From: Activatecard  Respond to of 436258
 
Look at gold in the June 23-27 and July 22-26 time frame. When the shorts need a lower POG, they annihilate the longs. Greenspan said as much several years ago. Lower rates would be bullish for POG, so if they cut, they whack gold. Sure the USD takes a hit, but no one is running to gold as a safe haven alternative.



To: stan_hughes who wrote (187248)8/12/2002 6:32:45 PM
From: Mike M2  Read Replies (3) | Respond to of 436258
 
Stan, how do we get a lower gold price ? gold-eagle.com Larry Summers ( prior to becoming Treasury Secretary) published a paper suggesting that the price of gold needs to be" pegged" in order for . see also gold-eagle.com mike