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

To: Eric Freeman who wrote (6929)	1/29/1998 7:58:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116762

Eric: I see it the same way you do -- the trend now is up, but sharp corrections are virtually certain.

To: Eric Freeman who wrote (6929)	1/30/1998 12:47:00 AM
From: Zardoz	Respond to of 116762

Maybe I should clarify a little here... The LONG TREND is up, don't get me wrong. But, I'm a short term Gold Stock Option buyer. So I'm looking at Feb Puts for Gold companies. This is where the Yield is high, time is short, and premiums are low. But as I stated before, Greenspan Killed Gold TODAY. In his monolouge, he mentioned that the full effect of the ASIAN problems will not be felt before summer. That means that the deflationary presures could rear it's ugly head later in the year. This gave the speculators no reason to cover. So in the near time Gold will go sideways or down, as the speculators will leave it alone figuring there is no use for it. {But the smart person will always pick some up} Than later in the year as profits shrink for the big US companies due to cheap imports, the US Dollar will loose strength. And the POG should climb.