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

To: PaulM who wrote (28139)	2/12/1999 9:32:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116759

Paul, Source of information?? That's important data to know and be able to document in some way. It certainly fits with the way bonds have been behaving. I am growing a bit more concern about the potential of another correction as nasty as the one in August, or worse. Brazil still remains a real issue, IMO. Don't disagree with anything you presented. Just hoping you might have the original source bookmarked. Thanks, Ron

To: PaulM who wrote (28139)	2/12/1999 9:36:00 PM
From: banco$	Read Replies (2) \| Respond to of 116759

U.S. Mint ceiling on gold coins? Refusal to enter bullion market in '99? A SPECIAL FOR GATA MEMBERS, by Farfel: BUY CHINESE PANDAS and Send a Message to the Clinton Government! Recently, I was apprised that the US Mint would begin an allocation procedure to various gold coin wholesalers across the nation. So apparently the US Mint plans to "ration" the distribution of gold coins that are falling into shortage, rather than ramp up the production capacity of the Mint. In effect, what this means is that the US Mint is placing a ceiling upon total gold consumption for the purposes of Eagle manufacture this year. What is the effect of such a ceiling? It means that, no matter how great the American public's aggregate demand for gold coinage this year, the MINT will ignore any increased demand and NOT exceed its ceiling of gold consumption for purposes of manufacturing Eagles. It means that the Wall Street cartel of gold shorting institutions and hedge funds are, in effect, being protected by the government since it will not move into the market and buy extra amounts of gold, thereby driving up the price of gold and forcing gold shorts to cover their positions. As such, the failure of the US Mint to respond to greater than anticipated domestic consumer demand for gold coins is nothing short of criminal and the most solid evidence of the Clinton government's unyielding anti-gold bias. What is a smart gold investor to do? The answer is simple: Americans who wish to protect themselves from any potential fiat currency crisis MUST buy foreign gold coins, particularly those coins minted by countries that do NOT follow the anti-gold biases of the Clinton regime and that march to the tune of their own drummer. In particular, I would suggest the Chinese Pandas, because I would imagine that any heightened consumer demand for Pandas will be met by the Chinese government. As far as I know, there is NO ceiling established by the Chinese government with respect to Panda production. What that means is that, with any increased Panda demand, the Chinese government MUST move into the open market and buy whatever gold necessary to fulfill the new demand. Essentially, if the US government refuses to respond to the demands of the gold investing public (preferring instead to satisfy the wishes of the gold short cartel), then it is time for gold investors to look to other governments to fill their demands!