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

To: Gary H who wrote (15198)	8/3/1998 11:11:00 AM
From: Enigma	Respond to of 116759

Canada sold its gold (it said) because it was an asset which did not earn income. It was all the more remarkable because when the sales started Canada was the world's # 3 gold producer. The gold lobby protested but was completely ignored. In reality Canada has no more gold to sell now. Its action was as bad as Australia's but not so dramatic because it was a long drawn out business. E

To: Gary H who wrote (15198)	8/4/1998 5:31:00 AM
From: Zardoz	Read Replies (3) \| Respond to of 116759

Many of you know I'm short term BEARISH on this metal... BUT an oppertunity has opened itself. My calculations shows that the theoretical spot price of gold, based upon currency and currency fluctations, is really $293.00 compred to the present spot price of Gold 285.80/286.30 08:56a EST But since the correcting of this is usually $5-10 per Oz more. Than you can expect it to get to $298.00. Or $12 per Oz. higher. And this will be done before Friday close. OR until the Currency fluctations decrease. Which can only happen if the CDN Dollar goes to 66.25+ or the YEN to 143.00-. Or the US/MK goes up. So you should see a 5%-7% increase in many of the XAU's stocks. {Some like ABX, HM will be higher} This will cause a large swing in the TSE 35/100. PS: The trend is still down, this is a temporary rally. By Tuesday the trend will be down, since the USD is trending higher against the world currencies as a whole. This is what we do: buy on margin, or short term expiration calls {and sell by friday}. This is not a recommendation.