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

To: Peter Neidhardt who wrote (12218)	5/27/1998 9:24:00 AM
From: PaulM	Read Replies (2) \| Respond to of 116836

Peter, re: gold fall, check out the following link. The Swiss have announced (again) that they may sell up to 1300 tons of gold. biz.yahoo.com While I typically wouldn't pay attention to such coincidences, this is the third time in the last eight months that such an annoncement was made during a very identifiable potential crisis for global equities. At this stage the correlation between Swiss announcments and equity crises is near undeniable. The BIS's way of helping to mollify the situation? Who knows. P.S. The above link notes that despite option selling driving the POG down, strong physical demand was underpinnign the market. Gold--that's physical gold--may well be behaving more traditionally in response to crises. The price however is determined by futures contracts, which in turn are affected by perceptions about the future, including Swiss sales. If so, that presents an opportunity. Have a nice day. :-).