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To: Don Green who wrote (25159)	12/31/1998 3:27:00 PM
From: Edmund Lee	Respond to of 116764

Its all politics - the view of a non-American. The US stock market is not reacting as it should when Clinton were to face a Senate trial. Will Clinton keep his job? He probably would. Greenspan is co-operating with him by keeping the market afloat. Clinton is credited for bring prosperity to US. To be so, Grenspan keep interest rate low; gold kept at bay; oil and other commodity low; went public to save LTCM. Republicans is fight a loosing battle. If Clinton is gone, the market will head for a free fall and Republicans were to be blame for. In the next election, US will have another Democrat President. By the way, what party did Greenspan belongs to? (openly or under the table) Happy New Year to All.

To: Don Green who wrote (25159)	12/31/1998 4:01:00 PM
From: Enigma	Read Replies (2) \| Respond to of 116764

>Plus right now Gold's value is also losing value because demand is decreasing< Sorry - was that yesterday or today? E

To: Don Green who wrote (25159)	1/1/1999 9:28:00 AM
From: Francis R. Biscan Jr.	Respond to of 116764

>>Plus right now Gold's value is also losing value because demand is decreasing.<< Demand is steady, to up. More accurately, Gold is going down in price because there is more supply then demand. As I see it, supply is greater then demand, over the last few years, because of gold being borrowed and sold into the market. The amount of gold that can be borrowed and sold is still great, but considerably less then the approximately 33,000 tons held by CB's. If one believes that there is 10,000 to 14,000 tons sold short, which a high percentage would have come from the CB's, then they are in actuality holding considerably less, since leased gold is more then likely still on the books as an asset. The question in my mind is how much gold will they continue to lease, before they feel they are putting themselves at risk. As long as the supply deficit that has to be filled with CB gold, their holdings will continue to dwindle. Assuming they have about 25,000 tons left that has not been leased, the question I ask myself is when do they perceive a greater risk in continuing to keep the price down through the leasing of their gold, then the risk of discontinuing their short term policies and letting gold rise in price. Theoreticly, this could go on until all available reserves are depleted, but could you foresee CB's holding no gold reserves ?? I do not believe so. There will be a point at which they will not sell, then, I believe, a point at which they will become buyers. Ahh......how long will this take ?? Good luck to all of us in the new year. Rich