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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (151)	11/22/1997 6:56:00 PM
From: philv	Read Replies (1) \| Respond to of 1756

Mark: If this is the sentiment of officials in the Fed. Reserve system, there is more than "trouble" in store. A follow-through would be disastous for gold. Will this arcticle be yet another nail in the coffin for gold? Funny how one is buffeted from side to side with opposing views. However, it looks more and more like a very significant long-term event must occur to benefit gold. I refer to a market collapse, dollar devaluation or some international event. I wish I could be more positive, but maybe the next poster can cheer me up. Phil

To: Mark Adams who wrote (151)	11/22/1997 7:53:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 1756

Some comments on that article have been made on the Gold Price Monitor thread by one "goldsnow". Comments like, it is specious, "biased and stupid", "probably written by a junior guy", etc. were given. And one "Alex" stated a while back that while many things that Man had created had turned into "sit" over the ages, gold has remained eternally gold and ever a store of value. That article, while it does not lack logic, certainly reflects the bias of some new-era paradigm shift-er. The writer seems to believe that, sooner or later, goldbugs are going to receive the new-paradigm shaft or get squashed altogether. Well, in the same vein, I can also say that there are a number of events are likely to occur. For example, while EMU sounds or looks delicious*, it may not fly and is likely to get fried! What would this do the pog? Mind you, the highly perspicacious Brits do not want to be among the initial participants in EMU and you can bet they have excellent reasons for staying out. They know history only too well! Furthermore, don't forget it is possible that parts of the Middle East might evaporate or be transformed into carbon and carbon dioxide, among other things, in the not too distant future. What do you think will happen to the price of gold then? I don't know the answer. But I believe, if history is any guide, it may well go up and up. It is interesting to note that whereas Nostradamus had foretold that doom and disaster await mankind at the tail end of this century, Ralph Ocampora yesterday said that the bull market is still intact and a DOW runup to 8750 this year and to 10,000 next year will happen. Then a terrible crash will follow in short order.

To: Mark Adams who wrote (151)	11/22/1997 8:22:00 PM
From: Eashoa' M'sheekha	Respond to of 1756

It Is A Valid Argument Mark. And one all gold related investors should be aware of.It is this exact position that has recieved much attention.Too much attention, and too much one sidedness in the mainstream:read " financial " publications to not question it. You will notice that these exerpts are from " financial discussion papers ".The Swiss anouncement was from a " group of experts ".All or most of the highly puplicized " Gold Is Dead " information is infact supported by studies and discussions initiated by respective governments.Fine by me.But the underlying reality is action speaks louder than words,and untill we get more real evidence of action, words are just that.What has happened looking at today's gold price and sentiment has become obvious to those who don't absorb the " programming " as easily as some would like to think.The hedge funds have capitalized heavily on this well manufactored media/economist/ mainstream lemming thinking onslaught,yet there is only minor evidence that any gold has actually moved out of the vaults and off the soil of said countries.Have you seen to date a mainstream publication willing to publish these " minor details ".Nope! The Economist states.." In recent years, governments in Belgium, the Netherlands, Canada and Australia have sold big chunks of their gold." Sorry,Canada has had program in place for many many years where it has been selling it's gold slowly as to not disrupt the market.The Euro's sold for no other reason than to get their books " right " for the ECU.The Aussies,I'm afraid were the real twerps here and they are and will pay the price for along time to come.As was mentioned here,some countries are fortunate enough to have an abudant supply in situ which gives them leverage to dispose knowing gold in the ground is the safest place it could possibly be,and " readily " available,if you know what I mean.BTW:I can assume the Canadian initiative was just another attempt to undo the thoughtless spending by a real winner who now sits on the board of Barrick Gold.Our dept.increased from 40 to 500 billion dollars in less than 20 years.We will pay for this for many many decades to come.The tax burden is enormous and inhibits our ability to compete globally,along with the many trade barriers by our APEC " friends ". Anyway,not to intirely denigrate The Economist,as all information is good,it should always be noted what the bankers and their ilk are thinking.I do however feel if the banks get into the gold mining business,they will surely f*ck things up a lot worse than they are now.When you begin to believe the banks are doing what is in your best interest,it's time to run for the hills boys and girls. Taurus