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

To: gennady who wrote (6584)1/23/1998 11:52:00 AM
From: Warren  Respond to of 116762
 
Its at $297. Have been away from the market since March of last year, and now I am back, to preach. INMO asian traders are buying gold big time, Indonesians in particular. They not only need a safe place to put their money, but the weakening dollar will cause gold to be more attractive than either one of the two reasons alone. As long as Japan keeps the Yen up against the dollar, we are in goood good shape. Time to buy Canadian juniors again. Don't miss the boat. You've all been warned.

-=Haq0r=-



To: gennady who wrote (6584)1/23/1998 12:00:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116762
 
anybody else think it is the result of dollar losing its safe
haven status..
also expect a nice sell off in dow by close since nobody knows what
news will be released over weekend re Clinton matter..hopefully gold will close even higher by end of day..
(interesting how Bert Dolmen expected Dow to sell off first half
if I remember correctly..before clinton latest-whereas most market
timers felt Dow and bonds would rise as safe haven from Asia)


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