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

To: Terry Rose who wrote (12575)	6/3/1998 10:31:00 PM
From: Broken_Clock	Respond to of 116815

speaking of cranking up the presses.... biz.yahoo.com Broaddus says concerned about U.S. money growth WASHINGTON, June 3 (Reuters) - The President of the Federal Reserve Bank of Richmond said on Wednesday he is uncomfortable with the current rate of money growth in the U.S. economy and suggested money supply should be given a greater weight in monetary policy making.

To: Terry Rose who wrote (12575)	6/4/1998 8:48:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116815

Terry: I have mixed feelings re: gold now. Steve Kapaln is growing more bullish and the triple bottom you mention is quite encouraging. Plus gold and gold shares are cheap again. However, the failure of gold shares to rally together with bullion yesterday worries me. As does still very low lease rates which make it easy and cheap for the shorts to borrow. Another big question mark is whether China devalues. My gut feeling is that this is the critical factor. If they hold fast, I don't see much downside in gold or gold shares at these levels. But if they do devalue their currency substantially new lows in POG are a good bet.