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

To: Ahda who wrote (20703)	10/5/1998 2:23:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116826

And just wondering here, Just how much gold does the IMF hold? Is it really that much? And when it is gone, the lie is over! rh

To: Ahda who wrote (20703)	10/5/1998 2:45:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 116826

Darleen, What are my charts telling me? Basically that the greedy A*holes of the world have fowled the nest...and the average Joe is going to have to pay for it again... Depending on what the XAU does to today it could be near the deadly "kissing swan", a definite sell signal short term. It's been flirting with overbought for a few days now. One of the few things I have a profit in of late... If by chance the G7 comes up with something concrete it would verify any sell on the XAU and the Bond should reverse to the downside. Needless to say, any thought of the G7 doing anything concrete is tenuous at best. So for the XAU it's a battle between holding on the basis of gold increasing as a reserve currency and selling based something actually good happening. Any hope of inflation helping gold is way further back on the burner but there is a chance that the rise in the bond (lower rates) is way over done and will over stimulate later. Regards, Jim for the world economies.