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

To: D LEE who wrote (4298)	12/15/1997 2:35:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116753

D Lee, I also noted with interest the recent flurry of statements all of which were likley to have a stabilizing effect. It would be foolish to think that CB's and politicians don't realize that a word or two from them can move markets. Especially this market. Maybe they see SE Asia as big buyers in the future. Maybe the Asians have even indicated a prefernce for selling at least some treasuries and buying some gold--just for diversity's sake? Maybe, as you say, the Western nations would prefer not to exacerbate an inevitable future rise with a short squeeze. Or maybe they see EU moving to a gold standard? I noticed that unlike almost all other currencies, the ECU--generally expected to be weak-- has actually been up against the dollar lately. The nice thing about severe bear markets like this one, is that there is so much bad news, that any change in direction is bound to be good. Take Care.

To: D LEE who wrote (4298)	12/15/1997 3:07:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 116753

gold-eagle.com I don't know whether the above URL has been posted already, but I think it bears reposting because of the fresh insights it provides. It seems the CBs have been trying to perpetrate and (perpetuate) a big lie in the style of Hitler's propaganda machine (THE BIGGER THE LIE AND THE MORE OFTEN IT IS REPEATED, THE MORE LIKELY IT WILL BE TAKEN AS THE TRUTH). Unfortunately for the CBs, their lie won't work. S.E. Asians have been burned lately by excessive capitalism and huge debts. To be sure they have learnt their lessons, and they will from hereon buy gold, even though they won't be able to buy much in the next little while. This bodes well for gold, don't you think?