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To: E. Charters who wrote (21821)10/16/1998 1:23:00 PM
From: waldo  Respond to of 116785
 
>>''It is a classic case of 'Go USA','' one dealer said.

''Every single day when London has taken the market up to its highs and it has been above $300.00 and dollar/yen has been on its lows... The dollar/yen bounced up and gold reluctantly trading at $300.50, drops three dollars in a straight line,'' the dealer said.

''I think technically the short-term charts shows that we should see a little higher,'' one dealer said.<<

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W



To: E. Charters who wrote (21821)10/16/1998 3:33:00 PM
From: Enigma  Read Replies (2) | Respond to of 116785
 
Eric - who bought the gold from the mines in the USA and Canada - was it the mint in both cases, and onto the central banks? In the USA at any rate, citizens were not allowed to own gold. I was involved in the 70's in trying to float a gold backed debenture - fortunately a lawyer working for our underwriter discovered a Canadian statute dating from the 30's which prohibited the issuance of any security linked directly to gold. E


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