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Gold/Mining/Energy : Cartaway resources -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (1763)	5/18/1998 8:22:00 PM
From: John Paquet	Respond to of 2505

Hutch, Many thanks for your reply. Same question"Any ideas why silver could not compete with these precious metals?" I understand that Silver stock inventory is low ,and demand is still high, except these a couple months due to India and Parkistan nuclear weapoen testing conficts problems, less a bit demand but 6-7 investors hold lots silver inventory stocks should not have impact of these problems, why silver drops it prices so low these few month; and you know this prices dropping in silver have a negative sentiments toward that gold, but not palladium and platinum. As today it happened just that silver July contracts downed .28cent closed @$5.285 a 5.5 month low, gold price was afftected once again dropped below $300.00 and fortunately gold managed backed up to that $300.20 at the close June contract. I am still bullish on gold the up trend on gold is still in tact. Hutch, I agree with you FED has to tighten its fed fund rate first by .25% then another .25% or more more to come, depending the inflation threats in the U.S., as you know that Allan Greenspan is a such "gradulism", but for a short -term a year or two will not be impacted on gold. Why Fed have to tighten its grit cuz unemployment hit 20 years's low at 4.3% ECI[employment cost index] or wages under price pressure, inflationary scenario and this would last a while a year or 2 to say the least. Maybe we should jump in to BUY that OEX put to make fast US$$$ as you suggest that Dow would fall apart I feel that DOW is rediculously hi also. This CWA looks slow growing puppy YEAH!!!