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

To: Bobby Yellin who wrote (6260)	1/19/1998 9:36:00 AM
From: Dwight Taylor	Read Replies (1) \| Respond to of 116764

Bobby-- Re: <<Also now with Asian markets rallying,we might gain a clearer picture if somehow gold is related (on up side) to the Japanese market.>> According to economist Elliot Janeway the POG moves inversely to the currency of the dominant partner. If so, as the $US gains against the yen the POG should go down. I have charted this relationship and there is a corellation.

To: Bobby Yellin who wrote (6260)	1/19/1998 12:26:00 PM
From: Abner Hosmer	Read Replies (3) \| Respond to of 116764

Bobby - Your question: >> Did you mean that if oil is priced to high, there would be a cutback in use?<< No, just that I don't see any supply pressures, so I expect that one will only pay more for oil if their currency is devalued or inflated. It has been a long time since anyone in OPEC paid attention to quotas, those with excess capacity are tired of losing market share. Where we go long term with supply I don't know, but it seems like they keep finding oil in more places in the world. Do you know if there is a good thread to focus on developments in this market? Tom