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

To: PaulM who wrote (16605)	8/25/1998 11:54:00 PM
From: Eashoa' M'sheekha	Read Replies (3) \| Respond to of 116764

Gold Will Move When The Central Banks Decide It Is Time. No more...no less. Lease rates near give-away. They may pay you soon to lease it. What is questionable is.......simply.....why? What would encourage such a swing in the pendulum? What entity(ies) gain(s) this much from such disparaging policy? Find the answers to these questions,and you have solved the riddle. It has to do with the conversion into the EMU and maybe an AMU later. In the " mean time "<<<pun alert>>>...this is what I observe.... Alan Greenspan appears caught in the headlights of a fast moving train. The ECU appears to be going ahead with mixed concern for external factors. The G7,after all of those high level meetings recently,appear to be ineffective. The IMF appears as an entity who has failed under its current mandate. China appears as a new friend of the West ?(US) Ya Right! Japan appears as the " has been " awaiting resurrection. The ASEAN countries are beginning to form a united front against currency attacks. South Africa appears as the " bad boy--needing some direction ". The Mid East appear as " more trouble to come ". Russia appears as a " wasn't that a bummer --what now? Total breakdown ? " nation. The UK is hedging...flipping a coin(not Gold)deciding.... " EMU-NAFTA-EMU-NAFTA? ". Canada,or should I say its Bank(BOC)answerable to no one ?,sells Gold to " defend "? its currency ? ************************************************************************************** Yet we still have those that go with the " Gold Is Just A Commodity " argument,and its price is a reflection of deflationary trends?Don't think so Toto.That's just too simple.Gold is the most complex and intertwined measure of value on the planet.IF it were that simple,why are there so many discrepancies in news and views,attitudes,perceptions,realities, and so forth.That is where it becomes quite simple.Gold is in competition with the dollar.The US dollar that is.It appears to me,the USG will not be satisfied till the entire world uses the dollar for its transactions.It won't happen.What we may see instead is three world currencies,with Gold playing a role, albeit a smaller one than some would like. Nevertheless,the " Gold Is Dead " and " Gold Is Just A Commodity " argument is doomed by the end of this year,if not sooner,given present global circumstances.Look for the announcement from the EMU regarding the future of its member"s reserves as the first obvious indicator of its future.I anticipate a possible upward calculation of the percentage to be held,as well as clear statements regarding future sales and loans.This is what the market is waiting for,and they(you know who ) won't be able to put a spin on it this time.Well,they may try,but those in the know will not be fooled.The specs will begin unwinding their short positions leading up to the announcement.We could see a rally,but more than likely it will be contained as to not draw too much attention to alarm Joe Six-Pack and Jane Another-World.Yes,even those that have little knowledge of the Gold market take notice when that " Old Relic " makes a big move,contrary to what some would have you believe. I too kinda gave up following the Gold Saga and instead concentrated on currencies " Follow The Money ",so to speak.Great learning experience,if nothing else." Gold Is Dead "?Nope,just taking a rest till the right time comes to wake it up. Ok Gold..wakey wakey...rise and shine.

To: PaulM who wrote (16605)	8/26/1998 1:19:00 AM
From: Eashoa' M'sheekha	Respond to of 116764

Tis A Tuff One For The US Indeed. As one news source said " They Are Fighting Yesterday's Battle ".A little inflation won't undermine the US economy,and global depression will most certainly.Fortress America does not exist economically.Those Americans who realize they are in a very advantageous position to invest in the Global economy will do so,but at increasing risk from desention of its government's insular policies.It is not what I feel,it is the way things are.The pendulum has swung---but for whom does the bell toll? The US MUST come down off its throne---and leave its body lone----------- otherwise ......we watch this global unravelling together----yes?<G> Leaders without leadership is a very dangerous thing.People and countries tend to take things into their own hands--too often at significant costs to all,when the right word here or the right gesture there could save a lot of heartache. Look at the Carib lately for another clue.Interesting.Strange bedfellows are made in bad times,eh? G'Night