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To: Mark Bartlett who wrote (2907)	11/6/1997 9:55:00 PM
From: goldsnow	Respond to of 116825

Well posted Mark. We surely do not know if the writing is in English, but it is DE GA VU all over again with Hang Seng dropping again to below 10,000.. Today:7-Nov-97 Current AM Hang Seng Index 9926.47 (-486.00)

To: Mark Bartlett who wrote (2907)	11/6/1997 9:56:00 PM
From: Alex	Read Replies (2) \| Respond to of 116825

Oil Rises........... biz.yahoo.com

To: Mark Bartlett who wrote (2907)	11/6/1997 10:12:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116825

Hi Mark. Agreed that the stock market should plummet soon. Agreed that its market value is maintained artificially upward. Agreed that the price of gold is being depressed artificially downward. The question is: what will happen next. In the short run, (1) all indicators are that govts and central banks want maintain the dollar, and sell gold if necessary to do so (another tax, another way of raising revenues), (2) we have lots of defaults in Japan, (3) and more in the U.S. a a result (where the number of personal bankruptcies is already at depression--1929-levels), (4) and even more as a result of declining stock market (margin calls, and lots money people though they had vaporized). In other words in the short run, depression/deflation, where cash will be king. Soon gold, real estate and everything else will be at bargain basement prices. The govts response--which can only be inflationary--will then cause gold to go up. P.S. Thiss whole cycle--from start to finish--can happen in a very short time. And the 3400 was a typo--should be 34000.

To: Mark Bartlett who wrote (2907)	11/7/1997 6:10:00 AM
From: Eldon Slife	Read Replies (2) \| Respond to of 116825

Mark I have certainly enjoyed your comments over the past months as a bystander. I have a question that keeps coming back to me concerning CB sales of gold. You mention in your post that the CB's have sold only a very small amount of their gold (percentage). I have been thinking that why couldn't they have sold a great deal more then we all believe. We all get info only after the CB's give it to us. The point being they can and do sell gold without telling anyone. Sure we have public info that various European, Australian, Canadian banks have sold buy only after the fact. Were they required to make those post sale announcements? In this strong gold market it would seem very likely that those CB's would have to sell lots to keep a lid on things. Your thoughts appreciated. Eldon Slife

To: Mark Bartlett who wrote (2907)	11/7/1997 7:46:00 AM
From: long-gone	Read Replies (3) \| Respond to of 116825

MB, RE: Central banks changes in gold holdings. Mike, what everyone here forgets, is that the Central bankers work for us(we the people)! The Fund managers also work for someone - the shareholders. We can no longer hope and guess that someday gold may regain it's value. We must ACT, and we must act today. If we vote with our pocket books, and transfer all 401k monies to a gold fund, things may change. If we write fund managers with a request that they put 5% in bullion, they will at least notice the letter. If 100 or 1000 people do the above, things will change. If I alone write my congressman,I get a form letter. If 100 of us write 2 or 3 congressmen & our two Senators, they must take note. They work for us! Write & call today! rh