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

To: IngotWeTrust who wrote (23301)	11/23/1998 2:47:00 AM
From: PaulM	Read Replies (1) \| Respond to of 116791

"If gold comes in $30 an ounce better...it's going to be unhedgeable" Comments On the December 99 Gold Call nypostonline.com P.S. How many more calls in London? With the specs equating a promise to pay gold with gold itself, and the S&P trading at PE 30 going into 99, I doubt history will judge this a thinking (wo)man's market.

To: IngotWeTrust who wrote (23301)	11/23/1998 9:54:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116791

All, On Bloomberg TV this morning an analyst reported that HM had "unwound most of their hedged positions". Looks like I was right when I saw spot Vs futures changes last month and suspected a large producer was unwinding. rh

To: IngotWeTrust who wrote (23301)	11/23/1998 10:04:00 PM
From: Lalit Jain	Read Replies (1) \| Respond to of 116791

Hi ole 49r, Dines on Currency crisis & hyper-inflation -- excerpts from the Nightly business Report Nov 20/98. ------ KANGAS: Okay. Your long standing prediction of a surge in gold stocks has really been kind of a bummer why is that? DINES: No bummer at all. As I said last time you don't chance no fire insurance because you haven't had a fire. Golds will move at some point during this currency crisis. And any way one of my favorites, Stillwater mining which I have mentioned so many times. That's doubled here in the last year and it's over 35 new all time high. And even Franco Nevada which is another one of my favorite gold blue chips is up. KANGAS: Very true. You've also mentioned that you're expecting some kind of sell off in the market next year. Is that because the economy is going to turn bad? DINES: That's a smart question. My guess is that its going to be a resurgence of the currency crisis. Remember I've been looking for hyper inflation to errupt in the world . Probably starting in Indonesia and Russia. I'm also looking for some kind of banking failures. This situation is not over and the reason is they are still running the printing presses. Until they link currency to something real something tangible it could be seashells or oil or gold we're going to have more of these what I call vesuvian tremors until the final gold crisis. Meanwhile we're going to have a tremendous trade war coming up. KANGAS: So you're saying the U.S. greenback will no longer be a safe haven refuge in times of trouble. DINES: That's right. When the U.S. dollar shakes the world will have to turn to gold at some point. All of this is covered on my web site if you want to look it up. Dinesletter.com give it a plug. But that's where you'll find all that stuff. KANGAS: But all that action, the big action on the upside is the internet. DINES: The internet hedged, internet telecoms hedged by gold. That's our recommended portfolio. And that's stratight from the originial internet bug. KANGAS: Just like you were the original gold bug. I got it. Thanks Jim. DINES: My pleasure. KANGAS: My guest James Dines, Editor & Publisher of "The Dines Letter." ------------------- "he fact that each "tinkerer" that comes along thinks HE has figured out a way to repeal the laws of supply demand of ________ Well said ole 49r. It is always a pleasure to hear from you. I am pretty sure that AG NOW really wants to "reinflate". In my opinion this is the only way out of this mess. But the market will not take it so well. I think we may be setting ourselves for a great fall next spring. But by then we may be too drunk in the markets success to notice. I still like golds very much. :-) ;-) Cheers, Lalit Jain