To: Hawkmoon who wrote (25197 ) 1/1/1999 6:56:00 AM From: long-gone Read Replies (1) | Respond to of 116924
Ron, Please excuse me, my thoughts did not fall through the keyboard well. I think, for the last 3 years, there has been a situation where some factions inside some central banks(even some people in our own central bank), many commercial international banks, and some brokerage houses were manipulating the POG lower. The truth about these actions are only now starting to come to light. Some of these truths will never see the light of day. Rather than being angry, I have taken a new view. This has given me one of the greatest buying opportunities of a life time. In the past, I've been angry that there were large hedge funds that were allowed to get a short term profit from knowledge that was unknown to the broad market. I now suspect the end, if not near, is in sight. As the dollar weakens, gold appears to go up, and I suspect AG is even on our side, as he would prefer a realistic valuation for all things. IMHO, We are entering a new inflationary(re?) environment that could last another 30 years. Someone in our Fed was in on the play, I think "they" made money on the deals. I suspect AG, and others in government found out, and are correcting things - slowly. Y2k demand held up gold as it should have found a lower bottom. That demand is growing rather than dropping. This higher demand with a lower dollar, and few (if any) real remaining central bank sales will drive a higher price and through the restructured lean and mean mining companies will show a very nice profit, and higher prices. Rather than the bulk of the "doom & gloomers", I don't think it will get "all that bad" through most of our country - If our military and the Russian military get their S___ together. This selling backlash will cause gold to hit the market in Jan. through March(April?) of 2000. then and only then we will see the $150 gold and the next buying chance. rh