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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (729)	1/19/1998 9:46:00 PM
From: Ironyman	Respond to of 34075

CIMA,,,Your Kitco site has a history of lease rates which show that when the gold lease rates approached 1.8%, gold was in a typical high range. Currently we have these rates, yet the price of gold is low. .....This says to me that we are due for a massive correction with two possiable out comes. Either rates will come down or gold will go up. ( Would you lend gold to someone else to sell at these prices? ) .....Some time soon the Euro dollar will announce that it will be backed by gold. Maybe a percentage, but what else could they use? .....As stupid Americans, we will bail out the asia mess. Where is the money going to come from? -----My guess is they will just turn on the printing presses and down will drop the dollar. The law of physics will prevail. ( Up with what? ) .....Very few positions will be able to take advantage of A FIVE POINT WAMMY!