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


To: CIMA who wrote (3098)11/13/1997 7:23:00 AM
From: Mark Bartlett  Read Replies (1) | Respond to of 116822
 
CIMA,

<<In order to circumvent a panic, central bankers are keeping the lid on gold, the historical safe haven. It remains to be seen if they can avert a recession by keeping interest rates low. It's getting ugly, but so far it appears their concerted efforts may work. It's inconceivable to think they aren't talking to each other re damage control.

No doubt you are correct .... however, as limited as my experience is, it has always been my experience that the more manipulation built into a system, the more likely it is to unravel.

Will be an interesing few months ahead.

MB