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

To: Zardoz who wrote (27519)	2/1/1999 9:36:00 PM
From: PaulM	Respond to of 116764

ECB Official Sees Declining Gold Role theglobeandmail.com P.S. The producers really don't have the wherewithal to influence a market whose above ground supplies are worth $1.3 trillion. Quasi governmental entities holding 1/3 of that supply do. However, IMO this lady isn't part of the inner sanctum. European interests will continue to support the price of gold at roughly $280, just as the dollar block will continue in its attempts to cap its rise.

To: Zardoz who wrote (27519)	2/2/1999 8:47:00 AM
From: Hawkmoon	Respond to of 116764

If lobbying isn't a sign of manipulation tactics; what is. Can the average investor succeed by lobbying. Maybe these gold producers are creating this run in the POG by buying the spot, and writing futures against them. Consider the move in the POG. It was done when London Bullion Market was closed. Could it be that producers are trying to creep the POG hirer. Oh come on now Hutch.... Do you really expect anything less than a "Do as I say, not as I do" attitude from those advocating a return the gold standard. <VBG> Gold miners are a special interest, just like the dairy lobby that gets a guaranteed price per gallon of milk, or oil producers looking for subsidies in this current depressed marketplace. Or maybe them tobacco farmers, who they susidize, and then subsequently sue (give 'em money and then take it right back.:0) Except the difference is that they know gold will only retain value so long as the CB's continue to humour the goldbugs by maintaining a semblance of price stability, rather than dumping those IMF reserves on the open market. Dumping IMF gold would not weaken ANY currency, dollar or Euro, since it has no perceived ties to either of them. I would watch this indicator very closely folks.... It might prove very important. Regards, Ron