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

To: Ironyman who wrote (29839)	3/12/1999 3:15:00 PM
From: C Hudson	Read Replies (2) \| Respond to of 116768

I just read an 800,000 share block was just purchased for ABX (Barrick) on an uptick! I'm not making a recommendation at all as I know the rules for this thread (I don't own Barrick, they hedge too much) but I thought it may portend something for the gold market in general.

To: Ironyman who wrote (29839)	3/12/1999 3:20:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116768

Yeah, but PPI numbers still do not reflect inflation in the economy. Now if oil prices remain in a sustained rally, then we might see inflation move up slightly. However, we should face the facts about oil. There too much of it and everytime the price moves up, it increases the viability of bringing on new supplies. The recent price rise in oil is likely a head-fake that will permit forward selling of future supplies at a nice tidy profit to what the price will likely be 1/2 year from now. Ron