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

To: Jimsy who wrote (24821)	12/22/1998 8:01:00 PM
From: Enigma	Respond to of 116762

JImsy " If the EURO is successful, I think they might dump gold bigtime" Why? Just curious. E

To: Jimsy who wrote (24821)	12/22/1998 9:42:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116762

Jimsy, amount of gold in EC is set. good try, no cigar.

To: Jimsy who wrote (24821)	12/23/1998 2:54:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116762

My believe has been for quite a while that when the Euro is formed, the CB's of Europe will take their opportunity to part with all or nearly all of their remaining holdings of Gold, starting late Dec. And further to that, I believe that all hedge funds who are concerned that the Euro may fail will have bought gold up till DEC. This is why a long time ago in Aug, I made a posting that said GOLD would have a chance in NOV. Well it occurred in OCT. Now the trend is set... the lack of commitment is on both the buy and sell side is a sign of buyer exhaustion. Producers / hedgers have been reported to have unwound their positions months ago, BUT as we know that a large portion of the earning of the producers comes from forward selling. They will want to put those positions back on soon. So with so much pressure on the sell side, it is only the lack of action that is keeping gold up... Maybe the US FED/Treasury buying? Gold has fought a lot of bad news lately, and since no appreciable rise in the price occurred, you must assume that it was near it's maximum threshold. mypage.direct.ca You might remember seeing this chart before. Well the XAU is struggling to get back into the trend lines it was in earlier. Only triple witching prevented the trend... mypage.direct.ca mypage.direct.ca I said I didn't expect a AUG break below 50 until Jan, but even that can be in doubt. One need only look at the XAU components to realize that many are nearing their lows of Aug, except ABX which is holding up the XAU. So looking at a better index you can see that quote.canada-stockwatch.com the Gold & silver index is already increase weakness. #reply-5436035 <<<And I'm still explaining this one But hey, what do I know... I own ABX PUTs, when I should've bought PDG PUTs. Maybe ABX could buy PDG/NEM? hehehe