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

To: Enigma who wrote (26341)	1/16/1999 7:54:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

Well, DoubleD... Thursday morning the 30 year long bond opened up a full two points on the initial news about Brazil. What did gold do?? Now back in August, you are quite correct that gold stocks did rise. I think much of that was in anticipation that LTCM would be forced to cover their gold short position in one fell swoop. That didn't happen and where have gold stocks gone since?? Again, the sequence I see unfolding still seems to be holding with every other economy enduring bouts of currency devaluations and inflation. The Aisan flu has now spread to Latin America and it will soon lap the shores of both the US and Europe as the dominoes continue to fall. But all of this fleeing capital is heading for the last two bastions of relative safety, namely T-Bills and Eurobonds, as well as gold. But with there currencies becoming too strong, the US and Europe will be forced into protectionist measures to secure their domestic jobs market. But this will lead to economic stagnation and quite probably open armed conflict somewhere around the globe. Then we'll see the time for major movements in gold (unless they confiscate it from us, but then buy gold stocks.). Regards, Ron