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

To: ForYourEyesOnly who wrote (21332)	10/10/1998 1:08:00 AM
From: PaulM	Read Replies (1) \| Respond to of 116790

Armstrong on Hedge fund troubles: "Forget about rushing to the metals...As reported on Reuters, the new German government will no longer oppose IMF gold sales....This will lead to more selling from other central banks" "Those who took issue with our computer models...will rue the day they ever bought silver" pei-intl.com One point conspicuously absent from this article: plays that HE recommended are now putting the hedge funds in trouble. Like for example short yen long dollar. Like his prediction that currency turmoil will negatively affect Europe first, and the U.S--the "core" economy--last. His statement that the Euro has been "blown off the earth mystifies me." Can anyone explain it?

To: ForYourEyesOnly who wrote (21332)	10/10/1998 2:34:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 116790

What you are hearing is professional rumour mongering based on people who want to keep the price down. The truth is everyone knows how much has been mined and how much used and recovered by scrap. There is a short fall. A few hundred million ounces here and there cannot prevent that. EC<:-}