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

To: Bobby Yellin who wrote (9336)	4/4/1998 7:22:00 PM
From: Dan P	Read Replies (1) \| Respond to of 116762

Bobby: You are right. Barron's did yawn, and I too wasted 3 bucks, and it wasn't even put together well. I agree that it is a good contrary indicator. Ole Louie Ruckeyser did have a few kind words about this commodity that he loves to hate so much! However, if and when we see an ingot on Barron's or Fortune's front page, it might be time to run for the hills. Incidentally, can the runup in gold continue beyond the widely anticipated EMU announcement sometime in May regarding the gold-backed currency, or will there be selling on the news? One small item vis a vis the EMU that I hadn't considered: there apparently is a fair amount of gold and jewelry that is being bought in Europe, inasmuch as the Lira, etc., are scheduled to disappear in a 3 year period. This is said to be related to the black market activity that may account for up to 20 % of transactions in some of these countries. Regards Dan