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

To: Enigma who wrote (25083)	12/30/1998 12:12:00 PM
From: KobaltBlauw	Read Replies (2) \| Respond to of 116790

Enigma, These people were all pretty sure of themselves too, weren't they... Bill -------------------------------------------------------------------- From NEWS and VIEWS ( USA Gold ) Newsletter, feb 98: The following are quotes published recently by James Blanchard in his GOLD NEWSLETTER. Please note the similarities between what you see and hear now in the financial press and what was being said in 1976, just before gold made its historic run to nearly the $900 level. At the time these comments were made, gold was in its darkest hour having collapsed to the $100 level under the pressure of US Treasury and IMF gold sales. ********************************************** "I don't know where we go from here. I'd hate to say $90 an ounce, but I suppose even that is possible."......Wall Street Journal 7/20/76 ******************************************** "Thanks to the latest IMF dumping of the stuff ( gold ) , the great rush of '76 --to unload-- took on the makings of an old fashioned panic. But take heart, gold bugs! Dick Donelly, from his privileged perch in Commodities Corner, assures us that the intrinsic value is at least $5 an ounce."...........Barron's 7/22/76 ********************************************* "...Gold, that fair weathered friend, is distinctly out of fashion. Even to bring out the subject is to lay oneself open to sneers."................... .......Financial World, Fall 1976 ********************************************* "There seems to be little to stop the price of gold going below $100 an ounce."....................... ...........The Economist, 9/11/76 ********************************************** "The new low for gold is an indication that the central banks of the world, particlarly the US Federal Reserve, and the West German Bundesbank, are determined to press on their plans to demonetize gold regardless what that does to the price.".... .................Business Week,9/13/76 ********************************************** "The rebound in the gold price from the low of $103 in August to around $140 by mid-November probably isn't the beginning of another sustained boost because neither runaway inflation nor recession are immediate global threats. That's the view of gold watchers who aren't 'die-hard' gold bugs."...... ............Money Magazine 12/76

To: Enigma who wrote (25083)	12/30/1998 1:02:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116790

enigma - "I guess you're trying to get me to say that we're in a deflationary spiral - or at least a disinflationary one? Save yourself the effort - I am aware of where we stand, but there has been much debate and correspondence on gold in deflationary times" *DO NOT* attempt to speak for me or give your suggestive opinion as to what I am going to say. I'll give you till Jan 3/99 to come to your conclusion. And only a YES or NO: Do you accept the data supplied from the US FED as a reliable source? stls.frb.org stls.frb.org Maybe all those who disagree with me, should answer that question, and send me a private message. But enigma, you must post. Try to be less sublime, form your opinion, and answer the question. As if we can't agree on the source of the data, then how can we agree on the solutions that I prove, and you question? "keep trying to paint me into the corner of saying that gold is going to go up in price. I'm not - it's just that I can't help attacking the certitude you show, in your dogmatic way, that gold is bound to go down." You patronised attitude is showing that you are really trying to be congenial to the thread, and assail all with divergent conclusions. Your quibble is shown for what it is "lack of desire to understand"-> ignorance. My certitude comes from constant analysis of data... where does you disconcert come from?