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

To: Curly Q who wrote (23510)	11/27/1998 10:59:00 PM
From: Stephen Mooney	Respond to of 116796

Just so that those around here don't think that I'm asking for input without giving anything in return, here is one of my recent posts at Kitco on POG's possible near term direction: Date: Sat Nov 21 1998 12:47 Mooney* ( Gold's 1998 Closing Price ) ID#350194: Copyright © 1998 Mooney*/Kitco Inc. All rights reserved Early this morning Selby and Auric and perhaps others ( aurator? ) were discussing price predictions of Gold. Conclusion: - One guess is as good as another. Most of the time this is a fact. Even a reasoned estimate is still a guess due to the fact that NO ONE is privy to ALL the necessary inputs to the equation of a future price whether it be two days from now or two months from now. Beyond two months, is, let's face it, just an out and out quess. There is at the present moment, however, one impressive and obvious trend in price. Whether this is out and out manipulation or just the counterbalancing of the many positives and negatives daily affecting the price I will not speculate in this post. The obvious trend that I refer to at present is a stable price. Look at the weekly closing prices, ( quoted from Captain Bill's Privateer Gold Commentary of Nov. 13,1998 found at the-privateer.com ) , since Sept. 11 1998. Sept. 11 - $US 294.40 Sept. 18 - $US 291.40 Sept. 25 - $US 293.70 Oct. 02 - $US 300.50 Oct. 09 - $US 296.30 Oct. 16 - $US 300.00 Oct. 23 - $US 292.70 Oct. 30 - $US 293.70 Nov. 06 - $US 294.00 Nov. 13 - $US 296.50 Nov. 20 - $US 295.60 ( from Kitco ) The final close of 1997: $US 289.90 Based on the above it would seem a fairly safe bet that, unless something catastrophic happens, Gold will close 1998 safely in its box somewhere between $US 290 - $US 300.