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


To: Zardoz who wrote (29514)3/7/1999 7:51:00 PM
From: Bobby Yellin  Read Replies (3) | Respond to of 116764
 
Hi Hutch
biz.yahoo.com
I seem to be the only one curious about the monthly rise in wages for US ..one whole penny..I find this truly amazing..if the job market is as tight as people say..one penny rise in hourly wages..wow..that is certainly wage inflation! what happens when there is commodity inflation..supermarket prices are pretty high with food commodity's at 24 year low..this is beginning to get interesting..
noticed that armstrong's indicators might be turning bullish for some
energy..and gold depending on country :-)
I wish somebody would comment ..I keep on hearing the mantra productivity..
well today i wasted another couple of hours.. trying to get some computer help..from compaq this time..finally I got somebody really
sharp ..and after a lot of trial and error..he was able to solve my
problem...it was quite a simple problem if you knew the answer a head of time...(I can't believe though how little those help desks know :-))
ps..I guess the threat of CB selling gold in the past has counteracted the buy side..
snowball doing great for a change :-) he is even trying to get the birds now :-)(they are safe)



To: Zardoz who wrote (29514)3/7/1999 7:55:00 PM
From: PaulM  Respond to of 116764
 
The Euro: A "Toilet Currency"

news.bbc.co.uk

Well, in fairness, you certainly nailed that one. So far anyway.

Re: how much? I forget. I think its about 147 mill ounces. They may have sold a very small amount recently to keep up with coin demand (perhaps accounting for the small change in the tables you provided?) Generally though, the mint goes to outside sources (these are the "blanks" referred to recently in connection with the Mint's inability to keep up with demand). The Treasury's stock is left alone.

I believe the Fed's "ownership" is fictional. Like I said, an excuse to "monetize" (i.e., fabricate more money) without the treasury having to issue a bond.

Not much stimulatory bang though, by today's standards, at $42.22 an ounce.