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

To: goldsnow who wrote (14297)	7/9/1998 4:12:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 116770

goldsnow...oil may or may not do well in defationary times...but check this link to an insider's view of where oil may be headed. very, very interesting outlook.https://www.siliconinvestor.com/readmsg.aspx?msgid=5145787 I did find out that the block buy on asl today was 503,400 shares. Even at 7 5/8 that is a chunk to plunk given the bearish outlook for POG, ya think? -g-

To: goldsnow who wrote (14297)	7/9/1998 4:20:00 PM
From: Alex	Read Replies (2) \| Respond to of 116770

From the U.S.A.Gold site.................. On the Duisenberg statement yesterday, the following comment by Charles von Arentschildt (Deutsch Bank New York) is worth noting: "The ECB decision to hold 15% of its reserves in gold may be slightly bearish short term, in that it is probably at the low end of market expectations, but the more significant news was the ECB is moving to take control of national European central bank reserves...What this means is that there is much less chance in the future of unilateral action to sell gold by individual European central banks." It seems that more and more the threat of central gold sales is being removed as a factor in the gold market. Gold loans remain an open question though. There is some reason to believe that the gold lending business is threatened as well. However, there has not been a clear statement from ECB on the question of gold lending policies. Gold loans have acted to subdue the price in recent years as the gold involved is actually sold on the open market to raise capital for the borrowing entity -- usually a mining company. Mining company credit ratings are imperiled given the low price and reduced mining activity. Central banks may be taking a more cautious approach to gold lending in the future which could send gold higher as the year progresses. usagold.com