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

To: IngotWeTrust who wrote (904)	12/24/1997 3:02:00 PM
From: Tom Byron	Read Replies (2) \| Respond to of 1756

Does anyone notice that the recent upturn in the XAU (Dec 9th) began at the same time as the recent nasty downturn in CSCO, MSFT, CCI, and Bankers Trust, etc. Just an observation. Only checked a few symbols. Does anyone see any more similarities in the turn.

To: IngotWeTrust who wrote (904)	12/26/1997 7:39:00 AM
From: Michael	Respond to of 1756

Hi Ole 49r, Hope you had a good Christmas. Been to your web site and read through your commentary though I'm afraid its left me a bit confused. If I understand you right, The Euro CBs have been manipulating the POG down so that they can accumulate it cheaply. Thus making the Euro a more credible reserve currency when it eventually debuts. So far so good, though its hard to square this with the comments by the German Chancellor that they are not selling any gold, and the French Finance Minister's comments, that there will be no more Gold sales as the losses on their remaining holdings more that offset any benefits from changing the reserves to interest bearing securities. A funny way to talk it down, also how do you explain the actual Sales by the Dutch and The Belgians among others. Anyway assuming a logical explanation for all that, what really puzzles me is that when The Euro Bank finally announces its holdings, which presumably will surprise everyone by their size and put to rest the belief that "Gold is Dead", Gold will go into a major bear market which may not bottom out until it reaches under $200 an ounce? Forgive if I have strung together what you said in an inappropriate way, but that's how it reads to me, and as I said it leaves me confused. Could you show me where I have gone wrong here, Thanks Michael