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


To: goldsnow who wrote (18215)9/9/1998 12:26:00 PM
From: long-gone  Read Replies (2) | Respond to of 116859
 
GS & All,
the exchange continues:
To: Richard Harmon (4024 )
From: Ted David
Wednesday, Sep 9 1998 10:39AM ET
Reply # of 4070
There is no conspiracy to ignoe gold. I think that people like Mr. Kudlow feel that small moves do not a trend make.. and that for the forseeable future the fundamentals for gold are not good.
I am an impartial observer here and cannot "fix" these problems nor tell our guests how they ought to feel.
I can tell that that of all the people I have interviewed recently, none has seen a favorable picture for gold long term... perhaps some trading opportunities but that is all. Could they be wrong? Of course!

Conspiracy, of course not!

td






To: goldsnow who wrote (18215)9/9/1998 12:31:00 PM
From: long-gone  Read Replies (2) | Respond to of 116859
 
And my answer:
To: Ted David (4068 )
From: Richard Harmon
Wednesday, Sep 9 1998 12:18PM ET
Reply # of 4070
Ted,
IMHO, you all are responsible reporters, most of the time. Larry Kudlow has an axe to grind, and is highly respected by the investing public. While gold was up Larry stated gold was lower, and in truth, it had returned to a support level.
If any CEO of any company came on your network, and said he was showing a profit, and it were not so, you would call him on it. That is all I would have asked of you on that key day.
The problems I would like you to "fix" are that if you must day in and day you must trot out these "experts" that will gain by a lower price of gold, then why not have on a Jim Blanchard who will see our glass as 1/2 full?
There are many precious metals mutual funds whose managers (I am sure) would jump at the chance to hawk the way gold has (through out history) done well in times of both deflation and inflation. This sir, is the other "fix", a better balance in the reporting of something that is opinion based rather than a fact based. Or perhaps even based on history.
If there is no conspiracy, when these "experts" state gold will go lower ask if their firm maintains a short position in gold.
During the last rally, it came out there was a heavy covering of shorts.
richard