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

To: Mark Bartlett who wrote (29498)	3/7/1999 1:50:00 PM
From: Michael Olds	Respond to of 116764

<,This is why I believe that the US has been in a collusion for supporting the POG. This is why I question the GATA claims. And this is why I've suggested to many that the US FED has not been selling, but buying. I mentioned this all a long time ago. This even shows that amounts held by each of the 12 district banks.>> My previous response to this did not consider the possibility that the U.S. gold, as is the Swiss gold, is valued at a price considerably below market. Some price that it is believed could be realised if a considerable amount were released for sale.

To: Mark Bartlett who wrote (29498)	3/7/1999 5:32:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116764

>Please explain then, why is the price of gold going down? Economics of production, risk arbitrage replacements, monetary policies of USA. "if there is this type of buying - and why are only the "sales" of gold being reported, that continue to drive the price down? Because the sales are news, the purchasers aren't news worthy. Buffet sells a stock, it makes news, you or me buying it doesn't. Has not the Asia buying gold been mentioned? "There is something not right here." Yes, there is; tell me what thou? Have you considered that the US FED throu the FRB has bought this gold to stabilize their monetary growth components against other foreign assets structures. If one looked at the mean growth of the components one sees a trend. But rest assured that the FRB {the US FED's CB} has bought much gold in the last 2 years. The data is reported. PS: But I'm not telling the whole truth. I've deleberatly ommitted something in my postings, that if you looked at the FED data. You'd see all the answers. And then your clarity would be known. Unless someone reads all the data, they will miss it.... For simple answers, read my website {when ready}