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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?


To: Ray Hughes who wrote (1637)9/16/1998 9:31:00 PM
From: robnhood  Read Replies (1) | Respond to of 1911
 
Ray,

<< Here in Canada one (of many failures) brokerage failed and months
later account holders can't get access to their own cash. The cash is gone,>>

Which firm is that???

russell



To: Ray Hughes who wrote (1637)9/16/1998 11:55:00 PM
From: Stephen O  Read Replies (1) | Respond to of 1911
 
Are you worried about the major bank owned brokerages like Scotia Mcleod, RBC Dominion and Nesbitt Burns? Presumably you were talking about Vantage. Were their RRSP accts mixed in with general funds ?

What if the far east has been the buyer of gold recently as some people seem to believe?



To: Ray Hughes who wrote (1637)9/17/1998 5:30:00 AM
From: Bobby Yellin  Respond to of 1911
 
Excellent points Ray..
Heard an analyst on CNBC from Japan saying that he thinks the stalemate between the two parties in Japan will be broken within the next 48 hours with major conscensions being made..greater transparency
was all I was able to pick up..
I wonder if that is another false alarm..if not it is going to be interesting to see what happens to the market..would think it would be good for gold.

bobby
ps just heard that warren buffett has nine billion in cash and told shareholder something to effect that he wouldn't have that next year..
guess Warren expects a big drop and bargains..I guess nothing does change



To: Ray Hughes who wrote (1637)9/17/1998 6:29:00 AM
From: Bobby Yellin  Respond to of 1911
 
don't know if you are interested in this
pei-intl.com
If there is going to the dollar and euro won't there have to be a strong yen for that region of the world?
Also heard Muriel Siebert speak yesterday..she said a lot of the currency difficulties could be solved if the group of seven set down
much higher margin requirements for currency traders which would reduce their ability for incredible leveraging with little to put up..



To: Ray Hughes who wrote (1637)9/20/1998 8:04:00 AM
From: Enigma  Respond to of 1911
 
Ray -"statistics show that gold only rises in response to negative real returns on quality bonds" This statement may well be correct but can you document the correlation - the 70s would be the best place to start?. Regards, Enigma