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


To: Hawkmoon who wrote (27294)1/29/1999 3:50:00 PM
From: mick  Read Replies (1) | Respond to of 116763
 
Then we agree to disagree.

If gold was plentiful, why would you pre-buy at $ 400 ?

In it self, I would agree that it is not a sole indicator of a gold shortage. I look more to the markets. With sales greater than the mines supply, it will go up. I had shifted my thinking that paper money was better than gold but the asian markets keep on buying. Gold will go up. It all depends in how orderly a fashion. The large short positions in New York suggest to me it could go up rapidly in a disorderly fashion. It will be interesting to see if the lawsuit is the catalyst that propels it forward (though I doubt it).

Cheers