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

To: Bobby Yellin who wrote (7070)	2/1/1998 7:00:00 PM
From: Gary	Read Replies (3) \| Respond to of 116762

The U.S.won't sell gold for the IMF but it is conceivable the IMF may sell some of their own. He suggests the Canadian $ will likely see .65 and .60 cents at worst. Canada is in no where near the shape that the Asian countries are in. On the other hand Canada's solialistic policies are what has got them where they are today. Armstrong hinges a lot around 2003. He says that if Canada cleans up it's act ( privatization etc.) the $$ can get stronger before 2003 but if they don't that will be the year of reconing.He says the 5 year gold futures are being manipulated by the same group that have manipulated silver, platinum and palladium. There is a big investigation going on in London over this whole mess.The best thing that could come out of it would be a mandatory reporting of gold, silver etc.inventories by London. Apparently Merrill, Lynch are also aware of the BIG hedge fund running in and out of silver, palladium and platinum. The gold market is too big to manipulate and last time it was tried was in New York in 1869 which culminated in calling in the army on black Friday when they were hanging the offenders in the street., Dubai is apparently returning silver to London as sales are off due to the Asian crisis.