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

To: Oak Tree who wrote (15954)	8/16/1998 10:26:00 AM
From: Ahda	Respond to of 116877

You probably have stated why gold is so low i don't know but i think it is easier ot play currency than gold. Currency fluctuate daily there are many to choose from gold is just one. When Asia moves back up i am sure that gold will move too. Beyond me is why country's arn't acknowledging they sell gold to bolster dollar. don't know what they would sell if they didn't have gold. Imho very humble humble humble Very thick too vbg

To: Oak Tree who wrote (15954)	8/16/1998 1:35:00 PM
From: Eashoa' M'sheekha	Read Replies (1) \| Respond to of 116877

I Think You May Have Missed Some Points To The Article. I just found this yesterday and know this thread appreciates all such articles.We tend to be sceptical on much of the mainstream media since they appear to have chosen to take sides,as they usually do.They are the " go with the flow " publications,cheerleading whatever happens to be the flavour of the day, week,month,or year for that matter.Hard to find unbiased reporting in the media, and when some analysts are quoted,they often remain nameless and therefore not accountable.Thus we dig up what we can find.Like this one Alex snagged.... exchange2000.com Very..V-E-R-Y seldom you get a report like that.The whole gold trading system is buried in hush hush BS in the press, thus investors like you and me have few VERIFIABLE FACTS to base our investment decisions on regarding the actual Gold trade.This is why many say the turn around can come very quickly and feed off itself to heights previously unheard of,but with all of the hedging these days,those explosions may be more contained.Hard to say.OK ********************************************************************************************** To your reply........................... >>I agree -- but frankly where is the beef?<< No kidding!Maybe Gold has MAD COW Disease?<g> >> Most of the 19 points you made on why gold has bottomed however are not really new. << Yes and no.Many here are well versed in these conditions,and like you, get the feeling gold is being controlled by some entities for political reasons.I won't get into that here,as it may be misconstrued as being unpatriotic or something. >>That 83,000 tons of gold stores is a lot of gold. Do we actually need any more?<< That is what the bears have been using quite effectively this year.Funny thing is, this was no new revelation.This did not all happen this year.There wasn't 83,000 tons that suddenly appeared out of nowhere.When gold was at 400$--not that long ago-- and before potential finds of big deposits all turned out to be BS----no one was screaming there was too much Gold around.They couldn't find enough to satisfy!What has changed all of a sudden?Nothing has changed Paul,except that the bears took control and programmed many through the media to actually follow this line of thinking. >> Money is a symbol of value. Gold is the same. << Always will be,but right now the mantra is " Gold is just a commodity ".See the Polish Banks just got real interested in this commodity.They brushed that one under the carpet pretty quick though and made quite the fanfare about Canada's little sale that saw the Loonie take a Swan Dive immediately after the announcement.----Go figure--EH? -g- >>The dollar, yen, and gold can all go up and down. It just depends which one you want to own. It is a usually a mystery why gold goes up and down. It is not a mystery why the dollar or yen goes up and down. Maybe we should all wait till the yen falls to its bottom and buy yens as the dollar falls.<< Yipper.I pretty well gave up on following the Gold market itself due to all the mystery involved.Just too frustrating,really.Have been " following the money " though.It is much easier,as Darleen has said.I have a few theories on this present Gold market,but would likely be locked away with a straight jack in a rubber room if I were to begin publishing them here.Couldn't prove it anyway. Bottom line? With Gold----you pays yer money and you take's yer chances these days. But,considering the extremes we are now experiencing and the 19 conditions that were outlined,it is a fairly reasonable bet to take a long position,if you want part of the action over the next few months.Otherwise,stand aside and wait till a trend with some follow-through develops.Many are looking for Gold to break and maintain above 300$.But who will lead the charge and under what conditions? In my opinion.....the ECB needs to get off it's collective butt and issue............ ............................... C-L-E-A-R S-T-A-T-E-M-E-N-T-S soon that will dispell these concerns(or aberations)that are being dangled over the gold market like a 13,000 ton weight.Not quite sure what all the hedging is about there,but have some thoughts on that also. Regards.......Turrus -G-