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

To: Bill Murphy who wrote (26213)	1/14/1999 8:41:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

<<Year end precious metals price forecasts: >> Bill, You might wish to go back and look at that silver projection again. If you would like, I'll gladly: I'll dig up my prior post concerning year 2000 required automotive glass(silver filled .00002" thick as a reflective) for a/c / fuel mileage improvement. As Warren Buffett insures cars, I suspect this is why he knew to buy silver. If I remember correctly my wife's blazer would need .85 oz. Some are saying any bounce above $8.20 would find next level in double digits. rh

To: Bill Murphy who wrote (26213)	1/14/1999 9:15:00 PM
From: long-gone	Read Replies (3) \| Respond to of 116764

OT Got it!: NREA Denver. A new "cool car" was tested to reduce the effects of sunlight created heat in our cars, reducing the need for auto A/C, and saving gasoline. A new auto glass (currently being made by PPG) is a sandwich of traditional glass with a layer of SILVER .000006 thick to reflect solar rays. It will be available in all auto glass by 2000 to reduce interior car temps. by up to 60 degrees. I measured the glass on my wife's S-10 Blazer, and after some math found that the amount of silver to accomplish the job on her car would be .28 oz. Based on 1996 figures, this would increase silver demand by 59,000 pounds a year. Now, If only 2/3 of all cars sold in the USA are A/C ready, that would be 39234 oz extra demand a year of silver. Now we know what Buffy knows.(posted July 27, 1998

To: Bill Murphy who wrote (26213)	1/14/1999 10:08:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

Interesting take Bill, If the ECB is indeed buying gold to strengthen their Euro over the US dollar, they are playing a VERY dangerous game of global economic chicken. Is is really so worth it to force the Euro into an artifical place as global reserve currency when the underlying fundamentals of your 11 member economies does not rate a stronger Euro. And in fact, a stronger Euro would exacerbate recessionary trends in those economies as exports would be curtailed by the Euro's strength. Furthermore, such a deliberate attempt to undermine the dollar in such a flagrant manner invites retaliation from the US in a number of areas, especially Bosnia and the Mid-East. It makes it difficult to understand the end game when the means require drastic destabilization of other currencies by returning to a gold standard and assisting in forcing a short squeeze in precious metals markets. So much for talk of the New World Order. If CB's are starting to cut each other's throats (ECB vs Fed), I don't see any chance of a one-world government anything soon... :0) The Fed selling gold while the ECB is buying it doesn't sound much like a mutual conspiracy to me. In fact, it sounds like a deliberate attack on another countries currency, namely ours. I don't believe it will go unanswered. (That is, if your reports are based upon solid info) Thanks again Bill. Regards, Ron

To: Bill Murphy who wrote (26213)	1/15/1999 12:57:00 AM
From: paul ross	Read Replies (3) \| Respond to of 116764

>>>Yesterday, the open interest jumped 9100 contracts to 181,502 contracts, which is almost 40,000 off the recent lows. The specs are heavily short and the commercials heavily long. That should be confirmed in tomorrow's CFTC report. The gold market has bent, but not broken, again. We suspect the market is set up for a big rally.<<<<< Bill, this is the same setup that occurred in late 97 when gold failed to hold its support at the 380 level. At that time,the comm. were massively long, and the specs big time short. There was a large buildup of open interest just before gold broke through 380 to the downside, and the POG fell $40 over the next 6 months. I hope you are right and that we will see 400 gold over the next year,which, I feel,will mean the Central Banks efforts to reflate will be successful. However, I sense that we are in the grips of worldwide deflation, and that very shortly gold will break its support level around 278 to the downside.