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

To: Zardoz who wrote (22214)	10/24/1998 3:11:00 PM
From: marcos	Read Replies (1) \| Respond to of 116756

Hutch, I really like your style - the bold declarative statement, brimming with confidence in its accuracy. But it will still be here in a few weeks, we can come back and do a post-mortem on it -g- ..... Would you like to comment on this post #reply-6114450 in which you (correct me if I'm wrong on this) predicted an upside move in the PoG if BuBa didn't drop their rate? They didn't drop and gold moved south. I personally find the PPT/Fed/IMF manipulation explanation more and more credible. How would you explain it? ........ cheers

To: Zardoz who wrote (22214)	10/24/1998 4:21:00 PM
From: marcos	Respond to of 116756

Interesting graphic depiction in this one; barrick.com - see how in the second one down on the left the gold movement arrow goes down to the spot market? ... well, this is sufficient from abx's point of view re hedging, but from the point of view of one interested in the medium- and long-term price of gold, there is a great deal more to the story, and a number of questions raised - Who has bought/is buying that gold? ... and Why? ... What do they plan to do with it? To me those are the central questions. Of course, some gold is always going into jewelry and industrial uses, but not nearly as much as is being/has been sold forward. We do know that mine supply is considerably less than consumption, and has been for some time. It's not a closed circle, or a zero-sum game. Gold gets used - even hoarding is a use of its function as a store of value, and this so very 'modern' trend to the preference of paper as a store of value won't last, imho ... much of the world's population who are less separated from feet-on-the-ground reality than are we from the G7 see precious metals as the only real money (of this I know a little - real mejicanos with real metal reserves). This Russian idea of a gold ruble seems a hopeful sign, they could go their own way with real money and reduce their captivity to US/IMF policy. And if the Arabs decided on a gold dinar and pegged oil to it?? ..... they could, you know ... I think ....... cheers PS - hey, five deuces ... how about that