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


To: goldsnow who wrote (7815)2/22/1998 11:27:00 PM
From: Jim Ilchyshn  Read Replies (1) | Respond to of 116874
 
More rhetoric to talk the price of the metal down - IMHO.

What bombshell do we get hit with next. Brien Lundin from an article in the James Blanchard's Newsletter states - " Either the central Banks are coordinating their efforts to keep the gold price in check, or they are the finest market timers ever known. Just before a financial crisis pops up... a crisis that could start a run from currencies to the safe haven of gold... the central bankers have been able to steer investors away from the metal with well-timed announcements...Three major gold market announcements were made by central bankers or other high government officials over the past six months. Could their timing -- on the very cusp of global financial crises -- be mere coincidence?"

1) Thailand currency crisis - Australia announces gold sale.

2) Dow ready to fail. - Swiss announce gold sale plan.

3) Major bankruptcies hit japan - Bank of England offical says EMU will hold little gold.