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

To: Alex who wrote (23452)	11/26/1998 4:07:00 PM
From: John Mansfield	Respond to of 116825

' John Brimelow's friend, John Dizard, had a scintillating Y2K-gold piece in the New York Post on Sunday. The essence of the story is that gold coin sales are booming because of that fear of a nightmare Y2K problem. But the tip off of things to come may be Dizard's revelation that there is a 3.2 million ounce (90 tonne) call position ( option ) for the December 390 gold contract. To put this in perspective, the coming January call options in toto are about 20 tonnes. We are talking about $390 gold here- not $290. Someone (s) is expecting a substantial gold rally for some reason before the end of 1999. We know that the reason is fear of a Y2K disaster brewing. And these fears should grow and grow as 1999 matures. gold-eagle.com