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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (1227)	6/24/1998 11:40:00 AM
From: Bill Murphy	Respond to of 1911

Preacher Bill here. Oh Lord come on down, got to send some sense around! Certainly have a potential set up for gold to move much higher. Where is the calvary when you need them? All eyes on the yen. Maybe everyone is focusing on the hole and not the donut. Bill

To: Bobby Yellin who wrote (1227)	6/25/1998 12:37:00 AM
From: JUNIORSPECULATOR	Read Replies (2) \| Respond to of 1911

Hello Bobby: How are ya doin? Thought this was quit interesting. Got a kick out of the Nostradamus Quote: Enjoy...Good Dayyyyyyy Ronald PS: These thoughts are from USA Gold. Not sure if posting this info is appropriate. IF so I am sure I will be made aware of the paramators underwhich to post..If inappropriate, I sincerely appologize.. 6/24/98 ANOTHER (THOUGHTS!) Mr. Kosares, Your post of (6/23/98 Daily Market Report), it speaks of a market not of the past. I agree. Many persons in this industry try to analysis price movements using "supply and demand" of gold. This information is of public knowledge and shown to all. What cannot be seen is the "currency of gold" in the form of "derivative positions "market. The "supply and demand" in this trade, it is much different, yes? Many of these "positions" find not a beginning in the mine industry, but they do make the physical dollar price of the metal "much different"! The trading of this new currency as a form of "dollar/gold" cross was born in the Euro Central Banks. It was offered as a means to escape the "political" dollar valuations of major commodities. Oil? The Central Banks make much news of their good use of gold thru lending and leasing. They often add an "also" to this thought in the form of "and this process adds liquidity to the market"! Many accept these statements as "for the mining industry", as it creates a good market for mining forward loans. I say, even the mine loans are part of the "adding of liquidity", as the "currency of gold" market is many times the "gold mined and sold as a commodity" market! Some wish to see the "inside" of this "currency of gold" trading? It was somewhat shown to many with the LBMA trading volume. This volume has "no explanation" from any analysis? The "supply and demand", it does not work as "good reason" for this trading, yes? Soon, the true nature and use of this new gold market will be in "good view" with "good reason" for all to see. Even today, the Euro Group Central banks, thru the BIS are trading gold in Euros! I think Mr. Fava offers only the beginning of the fire that comes to London: ( a small part of this article) "LONDON, June 23 (Reuters) London Bullion Marketing Association (LBMA) chairman Peter Fava earlier said in an interview with Reuters Television that he expected gold to reach $320 an ounce by the end of the year. Fava said this would be due to central banks becoming net buyers of gold." Yes, the Euro already exists in the form of the currencies that are now part of the ECB. These currencies change little between themselves as Jan 1, 1999 approaches. This withdraw of "dollar liquidity" from the"currency of gold market" will begin to effect the dollar price of gold. It will be the "currency of gold" "derivative positions " that will be forced to convert to Euro positions, first! The existence of "exchange reserves" of gold in the ECB does increase the Euro currency value in dollar terms as the dollar falls against the "currency of gold derivative positions ". To hedge these positions, physical gold and Euros must be purchased. Today, the BIS does do both for ECB customers. No longer does the dollar price of gold fall for the benefit of oil, as the Euro has been chosen for oil settlement in future. The dollar price of oil will now move for a different story: "oil was priced to low in dollars and to high in ounces of gold"! I think, the price of gasoline will be a "good deal" in Europe soon. We will now see China walk the trail to Berlin as the Japan does rush for the American dollar! Indeed, the Yen will seek much more US debt as they are , locked out! The Mr. Alan Greenspan will attend a board meeting of the Bank for International Settlements in Tokyo next month. I think the markets will see "much change" of spirit after this meeting. It will be the end of the past and the start of the future for trading gold! We watch this new market together, yes? ÿ 6/24/98 Replies From James Turk, Freemarket Gold & Money Newsletter: How did you come by the handle "ANOTHER"? ANOTHER: Sir, It was found far in the past. The true value of gold was often taken from view, with purpose. Today, paper debt currency does price gold as little and value all other assets as much. History has proven that " your assets never offer a return as great as your paper money say it does". As such, in time real money does always bring a true gain. Many will find our wealth of the future has been with them always, in Another form, Gold! Thank You ÿ From Dr. Woods, MD: The copies of gold and silver inflated, which after the theftwere thrown into the lake, at the discovery that all is exhausted and dissipated by the debt. All scrips and bonds will be wiped out. -----Nostradamus This reminds me of the future predicted by "Another". Are the paper gold contacts issued without adequate physical gold backing by the London Bullion Exchange in "ANOTHER"'s postings and the wipeout of U.S. dollar denominated Treasury bonds actually predictions of Nostradamus in 1530. ANOTHER: Sir, I see this conclusion does come thru history as " unchanged". It has always been in the minds of men to make gains at the expense of others. The past has shown that honest money must be taken from a person using force, today, our assets are removed as we sleep! I believe Mr. Kosares used this Notradamus quote in his book ABCs of gold, to make a betterpoint. We watch the outcome together, yes? Thank You ÿ