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

To: fishweed who wrote (19913)	9/27/1998 6:49:00 PM
From: Stephen O	Read Replies (2) \| Respond to of 116769

Keep it down surely means no lower than $285. Now if they start selling the reserve in Fort Knox then we could see $225. Let's have an audit of Fort Knox now and every month thereafter. Who unconditionally trusts governments and their leaders.

To: fishweed who wrote (19913)	9/27/1998 8:34:00 PM
From: Enigma	Respond to of 116769

NC - I think that $225 would scare the hell out of the powers that be - a sure sign of depression. AG wants to have it both ways - he said some time ago that he watched gold as a harbinger of inflation - he seems recently to have downplayed its significance - yet he must also watch it carefully as a sign of deflation - if the price falls. The price at this level for the next little while probably suits him fine. I don't know about the Fort Knox shortfall theory - it's been around a long time and may be another conspiracy theory - but let's assume that Greenspan is actually restrained from dealing in gold - I'm not sure at all that other central banks would co-operate with him in holding the price down - particularly the Europeans. More than likely the thoughts expressed about AG are an expression of the usual anxiety when gold approaches $300. You would have thought that the major gold stocks would have pulled back at the end of last week on account of $300 jitters - but they did not. Interesting in itself. I have heard quite a few people talking about gold stocks of late - so there seems to be a change in sentiment out there. E