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


To: Gabriela Neri who wrote (5889)1/14/1998 8:23:00 PM
From: Broken_Clock  Respond to of 116761
 
Gabriela,
From all that I have read, I have to disagree.There isn't plenty of dold for sale above ground.They only way that the gold demand has been met is by CBs and nines selling forward gold production(mines) or lending it out to be sold(CBs).What happens when the owners(CBs) want their gold back?They can't get it from the mines(7 yrs. sold forward by some producer!).Princeton Economics Institute gives advice to clients worth 100's of billions of $.They are calling a DOW 10,000 in 98 or 99, then down.They are expecting gold above $1,000 in 2-3 years.When the dollar tanks, gold will rise.
Dave