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

To: goldsnow who wrote (23784)	12/3/1998 4:26:00 PM
From: Little Joe	Read Replies (3) \| Respond to of 116811

Goldsnow: Great minds think alike. That is my view. But I would add if all of this money is printed and there is still deflation, we are all in trouble. If inflating the money supply works then at least we can hedge with gold. If we have deflation, I am not sure that gold will work as a hedge. Also, I suspect when I look at my charts tonight, I will find that most gold stocks have broken out of consolidations to the downside. I think the price of gold is short term, at least headed down. Live long and prosper, Little joe

To: goldsnow who wrote (23784)	12/3/1998 5:21:00 PM
From: Alex	Read Replies (2) \| Respond to of 116811

12/03/98 - OTTAWA, Dec 03, 1998 (The Canadian Press via COMTEX) -- Canada spent $187 million US defending the loonie in November while boosting its international reserves by $3.227 billion US, the Finance Department announced Thursday. <Picture> Canada gained $3.483 billion on its foreign currency debt and $2 million from gold sales. Investments earned $86 million and revaluation cost the government $157 million. Total reserves tallied this way: $16.185 billion in U.S. dollars; $3.899 billion in other foreign currencies; $120 million in gold; $1.076 billion in special drawing rights; $2.062 billion in the reserve in the International Monetary Fund. Copyright (c) 1998 The Canadian Press (CP), All rights reserved.