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

To: Gary who wrote (3719)	12/1/1997 9:24:00 PM
From: MUDMAN	Read Replies (1) \| Respond to of 116815

Gary: I think the EMU thing is a valid point. Will all due repect to Dines, McAvity, et. al. I don't give what they say with a lot of value. I myself am generally not a gold bug or a conspiracy theorist (although I believe the Euro C.Bers are concerted in trying to kill gold). These "end of the word" types really have no credibility to me. If we are waiting for a market crash to be the savior to the POG, I think we are in for a long wait. The fundamentals of gold are that sellers are in control NOW but that every new negative on POG is devalued even more due to the tremendous shorting that has already taken place (see today's relative non-reaction to the Swiss announcement). Mark my words: the event that will turn around gold is NOT the traditional ones like a bad CPI #, a war, or assassination, or a bank collapse. It will be the speculators going the OTHER way like what set off Asia. The gold market on the short side has ZERO fear right now. Once Soros or whomever goes public look out. Does this mean POG to $400 or $500? I doubt it. But alot of those paper profits will go bye bye fast when this happens. Then fear WILL be back and no more manipulated markets. What do others think? Mudman