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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (828)	10/26/1997 8:36:00 AM
From: Roebear	Read Replies (1) \| Respond to of 1911

Bobby, Didn't I see you somewhere before today <giggle> Here is my post from another thread, which is apprpos here, which I lifted from Donald (the human search engine) on Kitco, and heaven knows where he got it but its great! techstocks.com PS, I suspect when the real BOSS gets up, I'll be gone for most of the day. Best Regards, Roebear

To: Bobby Yellin who wrote (828)	10/27/1997 5:25:00 PM
From: Bo Bob Brain	Read Replies (2) \| Respond to of 1911

If the bond market gets shaken, then their is nothing left except gold and silver. Traditionally, historically, and up until the decoupling, today's activity would have been a perfect opportunity to flee to the precious metals. Gold was down $16.10 on Friday, we did go up $3.70 today. Pay attention to overnight activity in the precious metals. We may finally see some "flight to quality, flight to safety" buying coming into gold. People are getting very nervous with the currencies. We had seen people historically move towards the dollar as security, today they did not do that. They did move to the bond market. If THE BOND MARKET GETS SHAKEN, THEN THERE IS NOTHING LEFT EXCEPT GOLD AND SILVER. We did not see that today, but I would not be surprised to see overnight buying in gold and silver. A breakout above $323 could signal a significant move up in gold and silver. The federal reserve may lower interest rates soon. Something needs to be done because the psychology of the individual investor and of institutions has been badly shaken. Unless this happens, the stock market could really accelerate down. BBB:cc

To: Bobby Yellin who wrote (828)	10/29/1997 10:27:00 AM
From: Eakole	Read Replies (2) \| Respond to of 1911

Bobby, Are We Selling Our Gold Reserves? The truth is I don't know if we are selling our gold as I cannot find any information from any government or private agency that I may disprove or verify such an assumption. What I do know is that this a logical assumption and well within the Clinton's style of fulfilling his political commitments to the Internationalists and One World-ers. With Clinton . . . .perception IS reality! As long as gold, as one of the most reliable indicators of inflation, is kept from floating freely, the administration can claim that inflation is under control and inflationary expansions are a thing of the past. (Specially when such necessary basics as food are not represented in the inflation index.) For generations the media and our government have been reporting that our deficit trade balances national debts and deficits are increasing. In contradiction to these statistics the dollar's value, instead of decreasing has been increasing while the price of gold is decreasing. Foreign citizen's (especially Asian) demand for gold are in accelerating up trends but again the price of gold is in a sustained downtrend and steadily decreasing while nations around the world are devaluing or inflating (debasing) their currencies. Then why should the gold price be dropping in an ongoing proliferation of depreciating paper currency? From this citizen's point of view "It doesn't make sense!" I am aware that the "EURO" is forthcoming and some European nations are selling or anticipating to sell gold presumably to buy and support their new "EURO" currency. This may account for the price of gold to decrease. Still, that does not explain the reason for the dollar's strength and gold's sustained weakness. It is my guess that under the diversion created by the entry of the EURO, the Clinton Administration is silently selling our gold reserves for legal and illegal dollars, and commercial paper held by foreign cartels, governments, private citizens and corporations and international corporations. This may well provide an answer to our current situation. So that I may verify or disprove these opinions, I need to source statistics and documents of such related acts and orders issued by the Executive and Treasury Departments regarding such transfers since 1990. Hopefully, you or someone else can direct me toward an unbiased and documentary source or "watchdog" agency that publishes or may provide this data. Eakole