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To: craig poppe who wrote (11377)	4/16/1998 10:56:00 AM
From: Mike Gold	Read Replies (2) \| Respond to of 22810

Craig you are a pessimist, aren't you? Actually it is true that some central banks are dumping gold. However, it is equally true that other central banks are adding to their reserves. Furthermore, european union required gold reserves are likely to force countries to increase their gold reserves. I think $350 is much more likely to be reached than $250. By the way, gold sector stocks are the second hottest sector in 98. Try some valium Craig. It might do you wonders.

To: craig poppe who wrote (11377)	4/16/1998 11:48:00 AM
From: EtTuBrute	Read Replies (1) \| Respond to of 22810

I totally disagree with your ominous outlook for gold. Come May 1 the EU will peg the reserve % that gold will play in their new currency. Ive been reading it will be a higher % then anticipated, ie very good for gold. Consumer demand for gold has also been dramatically increasing over the last year, ie very good for gold. US market way over priced, and economic turmoil abroad, ie very good for gold. One major thing holding gold down is the major short position. Once they have to cover........ Sound famaliar GG

To: craig poppe who wrote (11377)	4/16/1998 1:35:00 PM
From: Hans	Respond to of 22810

Craig! I am sure this won't hurt gold going up a bit. Remember the articles on the forward selling of Gold and the ask for instance that is coming in from India. If you do the math, gold will go up. If not soon, than it will pop in a few months. regards, hans

To: craig poppe who wrote (11377)	4/16/1998 1:46:00 PM
From: LumpofCoal	Respond to of 22810

Gold lost its place as currency and has been treated like a commodity for some time. Yes, there is possible downside yet. But is the US dollar bulletproof? Are we in a stock market bubble or a new paradigm where the dow goes up forever? The only constant in life is change. As for gold juniors like npec, I read some commentary on the the web (The Street.com) recently that said all you would need for a substantial pop in prices is for a fund complex like Fidelity to decide to invest 1 or 2 percent in gold stocks. Wow. New perspective. Mike W