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

To: Alex who wrote (28784)	2/22/1999 3:52:00 PM
From: Giraffe	Respond to of 116856

buysignals.com Gold stocks are doing a stutter step attempting to entice more passengers before a final washout. The last three days of 'stability' are the typical bait dangled by short players prior to their next attempt to drive this sector downward. This action would also be in keeping with the usual resolution of a triangle pattern which is a false break in one direction to drive out any remaining weak participants, then a sharp reversal. If the 19-year deflationary cycle has, in fact, come to an end, substantial profit opportunities will emerge in this sector. XAU 60 is the key level to watch.

To: Alex who wrote (28784)	2/22/1999 4:22:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116856

Was today as good a rally the market can do with the cash they have? cairns.net.au

To: Alex who wrote (28784)	2/22/1999 11:57:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116856

The 1997 Federal Reserve Piece that advocated Govt Gold Mobilization "...governments can loan out all their remaining gold in each period. In the future when all gold now owned by private agents, whether above or below ground, has been used, governments sell in every period whatever gold is necessary to make the price be whatever it would have been if they had sold all their gold instantly. The quantity of gold available for private uses are the same...as with immediate sale. However, there is an important difference.....governments relinquish title to the gold in the future and then only gradually. Therefore, to the extent that government uses can be satisfied by owning gold but not physically possessing it, most if not all of the gains associate with maximizing welfare for private uses can be obtained with little or no reduction in welfare from government uses until sometime in the future." federalreserve.gov You Need Adobe's Acrobat P.S. ;-).......Wink Wink nod nod. Lease your gold now Mr. Central Banker. Because you still own it, nobody will have to know. Of course, in the future, when that gold is hanging around some peasant's neck, you'll have to sell so that the borrower doesn't get squeezed. But by that time, we'll all be floating around like the Jetsons and no one will care. P.P.S. A plan, I suppose. But what if a central bank decides to take only half that advice, leases, but then doesn't sell?