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

To: Crimson Ghost who wrote (22808)	11/10/1998 2:52:00 PM
From: The Ox	Respond to of 116761

Hi George, I'm not so sure that a move toward $325 would be ignored by AG. The recent move in gold from it's lows, coupled with the drop in the US dollar forced AG to finally lower interest rates (to save LTCM, among others). With many hedge funds' positions still in question (how short are they, how deeply leveraged, etc...), I wouldn't at all be surprised to see AG attempt to slow any quick upward moves in the POG. This country appears to be walking a tight rope because of the "irrational exuberance" of large banks. These institutions have broken their vows and they have made loans and investments that should never have been made! JMO, Michael