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


To: long-gone who wrote (8915)3/27/1998 7:31:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116762
 
I am not certain..but for the longest time we have heard of derivatives replacing gold as a hedge..when we all expected gold to surge with
currency debacles and it did zip..that reinforced gold was dead..
when we kept on reading about CBers selling..that also helped create
the dead gold market..who wants to buy when a flood might come into
the market..
when we read that Japan was flooding the markets with liquidity..
that also created gold was dead..did you hear that Japan sold 8
billion dollars worth of bonds in last quarter..there goes some
liquidity..
As William Jepson said a bit back, when the big players decide to
go into gold..which they appear to be beginning to do..the media
will start reflecting it..
If Norway goes along with Opec..the media will reinforce it
When the media covered all the S and L scandals..what happened?