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

To: MUDMAN who wrote (7356)	2/7/1998 11:11:00 PM
From: PaulM	Respond to of 116832

"Ministers have called on...traders to keep prices down... until April" biz.yahoo.com Incidentally, April 1, 1998 could be a historic day for a variety of reasons. 1. March 31 we find out which international Japanese banks make the BIS's 8% loan to capital ratio. At which point the Nikkei longs are on their own. 2. March 31 is the end of the first full quarter in which U.S. and German co's will have the opportunity to experience the effects of the Asian problems (which really began in earnest late Nov.) on earnings. 3. March 31 is about six months after the largest one day DOW point drop in history. Six months is traditionally how long it takes for a stock market drop factors to begin manifesting themselves in the real economy (if you believe any of Tader Vic's books). P.S. IMHO what's wrong with Asia can't be cured with a work ethic.

To: MUDMAN who wrote (7356)	2/8/1998 2:31:00 PM
From: Crimson Ghost	Respond to of 116832

Mudman: Agree that gold will get back to the $350 area later in the year. Much higher prices in 1999 and 2000. But patience will be required and the market will remain very volatile. BTW, I do think that gold will drop and paper rally sharply when and if the US bombs Iraq. But that will constitute a great selling opportunity for paper and another opportunity to acquire gold and gold stocks on the cheap. Time for gold investors to buy the dips, but too soon to chase rallies.