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

To: goldsnow who wrote (25627)	1/7/1999 8:52:00 PM
From: Zardoz	Read Replies (3) \| Respond to of 117273

"Hutch do you still think that dollar will rebound?" YES. The problem has NEVER been with the US Dollar, or the Canadain Dollar, but with the British Pound, and the Mark {Now Euro's problem}. The problem with the USA is inflation that has been masked by M2, and you all think its deflation. Let's hide the inflation in the numbers, and send you looking for it. Once the US rates start spiking, {my early projection is for April} Gold will go smuck, and so will the DOW. It's still to early to predict the Dow correction time, but it's shaping up to 35%-45%... in early April... When time gets closer, the data becomes more reliable. As the US FED could pull support on M2 and allow the rates to climb, and the Dow to back down, and the US Dollar to appreciate before then. Cool, Gold up $.60... I like this ride. Remeber Morgy: Doesn't matter to me where gold Goes, as long as it moves. PS: Somewhere I posted, that the stress on the US dollar index at 93.5 is when the USA problems occur. What that number if it goes lower then that for two days worth of close. {93.0 may be the break point} PS: I own T:CM as well in my RRSP. 600 shares, average $31.66 now $40.40 with $8k cash, since Aug time.

To: goldsnow who wrote (25627)	1/8/1999 8:55:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 117273

He said on Wednesday that the state would cease payments for 90 days on $15bn of state debt owed to the Federal government, saying he did not have the funds to pay. It BLACKMAIL, I TELL YOU!!! BLACKMAIL!!!! And it is a taste of what is to come later on this year as some of these countries are thrust into recession/depression by the withdrawal of investor assets to safer harbors, as well as a massive credit crunch. All of this will likely be due to the vulnerabilities each specific economy has to Y2K problems, as well as a general fear of less mature markets. In response, Brazil and other debtor nations will respond by defaulting on their IMF and other foreign debt. With this collapse, I do see Gold becoming MUCH more valuable. But I also see the Fed/Gov't attempting steps to protect their currencies against a resurgence in the price of gold. That's my prediction for 1999... Regards, Ron