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

To: Ken Benes who wrote (28582)	2/19/1999 2:48:00 PM
From: GST	Read Replies (2) \| Respond to of 116856

Ken--my take--no 'event' is going to happen, save one -- a decision to turn the pumps on global liquidity -- nothing new there -- but also a suggestion by one of the Europeans -- say France for example -- to have a presumed target for gold to reflect the expansive mood -- which would be a 'signal' to markets all around the world triggering short covering. From there the markets kick in. Frankly, I want to build a position and to do that I need the stocks to lag for a few days and then take off -- fireworks on the entertainment bill -- in my view.

To: Ken Benes who wrote (28582)	2/19/1999 8:10:00 PM
From: Enigma	Respond to of 116856

Ken _ I'm not so sure - never say never - sometimes things just have their own dynamic. dd

To: Ken Benes who wrote (28582)	2/19/1999 11:08:00 PM
From: GST	Read Replies (2) \| Respond to of 116856

Ken--<the specter of central bank selling continues to be taps for the gold market> this has been an ongoing problem, but will it continue? This is one area where there can be a political agenda to move gold up. Gold can be used to signal inflationary or deflationary expectations -- the world economy is badly in need of a whiff of inflation -- like smelling salts -- before it goes down for ten count. Sure, the rich guys club wants to own the world and can buy it up cheap with all the monkeying around of the past couple of years, but now it is time to wonder what it is all worth if we just spiral down. Gold is manipulated -- that has kept it down -- what might seem counter-intuitive is that maniplulation is what will now send it to $350 -- and the move will be sudden enough to cause gold stocks to double in a month -- that is my take.