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To: PaulM who wrote (14076)7/2/1998 11:01:00 PM
From: Lucretius  Respond to of 116764
 
anybody understand why ASA has been UNCH all week while the Johanessburg Gold Index was up 3 or 4% almost every day??? I realize the rand fell some, but what's up? Looks like a buying opp to me? Any thoughts?

-Lucretius



To: PaulM who wrote (14076)7/3/1998 8:32:00 AM
From: Alan Whirlwind  Read Replies (2) | Respond to of 116764
 
"Gold is not that cheap in alot of countries that count."

Why does South Africa count? I was under the impression private gold ownership has been banned there for many years. --AG



To: PaulM who wrote (14076)7/3/1998 9:43:00 AM
From: bobby beara  Read Replies (2) | Respond to of 116764
 
Paul where gold is important is in Hashimoto land.

Everybody and his mother-in-law seems to be shorting the yen.
Everybody and their 2nd cousin seems to be long the dollar.

The N225 just made another test of 14800 and made a vertical rocket launch off that, pierce 17000 on high volume the downtrend has been terminated.

Money flow back into Japan, means money flow out of our bond and stock markets (and out of our dollar)

reversion to the mean (could be mean)

comments?

bb