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To: PaulM who wrote (10532)4/24/1998 8:23:00 AM
From: Bobby Yellin  Read Replies (2) | Respond to of 116764
 
just some more guesses..don't think the government will have any
control over price of gold unless they confiscate etc..
most traders probably realized that with the prior news releases of
Central Bankers selling gold..it would be a no brainer to follow
the trend...geez the CBers could announced they were selling gerbils
and even the gerbil market would have tanked..(rolls royces I am not
certain of:>)
wonder if Gates and Buffett's combined net worth could buy all the
gold in European coffers:>
when traders see the trend really reversed..they could rocket gold if
they want..currently they don't appear to want to because of the stock
bubble mania..I am sure they want to push that as high as it will go
and then drive it down as far as it will go and possibly play gold
also..
also El Nino,the Asian collapse,the weakness in Japan etc all have
had a big impact on commodities..and probably will create a rubberband effect...maybe not a big one but still ....
question: although there has been an internet mania lately..curious
about your take..if amd produces computers under 500 dollars next year
I think the internet is still in its infancy and a lot of bb companies
in telecommunications,internet services,etc haven't even started..
would like your thoughts..(I just can't see the world going into a black hole..I can see a massive unraveling of derivatives though..
and I can see short term treasuries heading higher long term as one of
the few safe havens..)



To: PaulM who wrote (10532)4/24/1998 9:13:00 AM
From: Casey  Read Replies (1) | Respond to of 116764
 
Paul:

<<Hoky as it all sounds, it's very consistent with the statement that as gold is "managed to the $320 - $360 range" there may be a "crush to cover," putting an end to the gold market.>>

what do you mean by the bolded part of this sentence? TIA