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


To: long-gone who wrote (13470)6/19/1998 6:38:00 AM
From: Bobby Yellin  Read Replies (5) | Respond to of 116764
 
I totally disagree with you this time and you will agree with me..
you made a mistake on my gender:>
My point about gold was that it is denominated in dollars..same
for oil as pointed out in Ahhaha's post:
" It is also bad for Japan because the oil they consume is denominated in dollars. Their oil bill rises ..."
(had read something by I think Kenneth coleman saying that oil moves
more depending on strength of currency than by actual supply demand..
wish I could dig up the article to show how he relied on historical
data to come up with his hypothesis if it was actually Coleman..)
the way to track gold is to see it rising in all currencies..or falling in all currencies :<(don't think so with the buying I have
been seeing in ABX though..some big money appears to be accumulating
it :>)
don't think that jewelry demand is the major issue for gold so I tend
to discount that the Asians are too poor now to buy jewelry and thus
lower demand for gold..think that is a nonevent..(I am wrong a lot)
think that big money will drive gold up..there is still big money in
SE Asia..maybe even bigger than before because big money has big ears
and probably were aware ahead of time of the meltdown that occurred in
October(?)
also I think possibly that there is big big money in Germany that might have knowledge about the final resolution of how much gold is
going to back euro..just guessing of course..but maybe on the higher
range