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

To: goldsheet who wrote (89381)	9/8/2002 1:00:19 AM
From: long-gone	Read Replies (1) \| Respond to of 116796

<<At least now I know the real reason you want the gold market to go up is so you can tell me I was wrong.>> You flatter yourself too much. You couldn't be more wrong, my base motive is profit. You're providing a valuable service to the bull precious metals market. The better built the wall of worry, the greater the reward.

To: goldsheet who wrote (89381)	9/8/2002 1:35:37 AM
From: E. Charters	Read Replies (1) \| Respond to of 116796

Ok. I know you don't reply to my postings, but rhetorically I guess, tell me what the trend of continuous upward movement in gold for the past two years means? Is gold to return to its lows again soon? Is this supported historically? What do its non stop assaults at 330 mean? Gold is weak? I would say it is a demonstration of strength. I think you are missing the trend. The trend is your friend. Despite what you say I would give it to you that gold's fundamentals are not that easy to analyse. Supply and demand is not the operative condition in gold, in part because its real scarcity. In fact less than 20% of gold is sold to satisfy "monetary" or banking needs. The rest is sold for jewelry or industrial electrical uses. In addition, supply and demand cannot be judged beacause the LBMA and Comex do not release volume or dealer figures and info. We do not know who us buying or how much. We cannot trace gold's movement or indeed if it even is being sold on the dates given and not shorted out at that date. Comex and LBMA are quasi government controlled or gov't associated cartels, and you cannot judge the actions or results of a cartel entirely by presumed supply and demand because the market is not free. EC<:-]