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

To: lorne who wrote (27962)	2/10/1999 8:04:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 116826

lorne, look no further for the reasons for poor POG. Miners don't mine, they hedge. Gold will be $290 an oz with the world in turmoil, peace, inflation, deflation, central bank selling, and always. People don't invest in instruments that never change. I have a correlation to offer. The investment value of anything is inversely proportional to the number of posts on an SI thread. <VBG>

To: lorne who wrote (27962)	2/10/1999 8:40:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116826

Lorne, That's an interesting bit of news you found there. I especially liked the phrase "act in their own sovereign interest" with regard to possible CB sales of gold. Think they might know some of the inside strategy being played by the CB's?? I perceive that CBs will increase the liquidity of the gold market in order to keep it in a non-competitive price range with the Dollar and Euro. They do it with Fiat cash, I don't see why they wouldn't do it with gold as well in order to maintain price stability. Regards, Ron