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

To: John Hunt who wrote (32585)	4/27/1999 7:54:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116759

SS - I'm not sure you're right about the gold market- or whether the forward sale actually depresses the market - it's the covering sale later, which is sold into the spot market, which is an actual market transaction. One has to bear in mind that the gold market is actually a very thin market - compared to currencies and stocks. Much of the action is driven by sentiment - and sentiment has been against it for a long time. I'm anticipating that if IMF sales go through - and the Swiss sales too - they will be by auction - the fact of the sales is already discounted - and the auctions will actually be positive for a variety of reasons - one of which will be to provide physical gold to pay back the gold loans. d

To: John Hunt who wrote (32585)	4/27/1999 11:55:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 116759

John : About the breath and the banker, you beat me. Went right over my head. Sorry. About the XAU and the flattening of the EMA, I'm beaten again. Surely there has to be a bit of a rise before one talks about a bull market, or even a reversal. When I look at the chart, I see there could be a reversal, but there isn't one yet. decisionpoint.com Because of my own fallibility in spotting market bottoms, I don't even try, when it comes to making my own investments. You may have heard me say, frequently, that I have my position in gold shares and I will ride with it. But, that doesn't mean I can see what is going to happen!