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

To: Broken_Clock who wrote (7866)	2/25/1998 12:20:00 AM
From: paul ross	Read Replies (2) \| Respond to of 116764

From NEWS and VIEWS (USA Gold) Newsletter, feb 98: >>>>> The following are quotes published recently by James Blanchard in his GOLD NEWSLETTER. Please note the similarities between what you see and hear now in the financial press and what was being said in 1976, just before gold made its historic run to nearly the $900 level. At the time these comments were made, gold was in its darkest hour having collapsed to the $100 level under the pressure of US Treasury and IMF gold sales. ********************************************** "I don't know where we go from here. I'd hate to say $90 an ounce, but I suppose even that is possible."......Wall Street Journal 7/20/76 ******************************************** "Thanks to the latest IMF dumping of the stuff (gold), the great rush of '76 --to unload-- took on the makings of an old fashioned panic. But take heart, gold bugs! Dick Donelly, from his privileged perch in Commodities Corner, assures us that the intrinsic value is at least $5 an ounce."...........Barron's 7/22/76 ********************************************* "...Gold, that fair weathered friend, is distinctly out of fashion. Even to bring out the subject is to lay oneself open to sneers."................... .......Financial World, Fall 1976 ********************************************* "There seems to be little to stop the price of gold going below $100 an ounce."....................... ...........The Economist, 9/11/76 ********************************************** "The new low for gold is an indication that the central banks of the world, particlarly the US Federal Reserve, and the West German Bundesbank, are determined to press on their plans to demonetize gold regardless what that does to the price.".... .................Business Week,9/13/76 ******************************************** "The rebound in the gold price from the low of $103 in August to around $140 by mid-November probably isn't the beginning of another sustained boost because neither runaway inflation nor recession are immediate global threats. That's the view of gold watchers who aren't 'die-hard' gold bugs."...... ............Money Magazine 12/76 **************************<<<<<<<<<<<<<<<<<<<<<<< PR