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

To: donald martin who wrote (33243)	5/6/1999 7:52:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116762

Hi that is what I was saying yesterday in my post..it just hit me yesterday..that it is market places more than fundamentals.. if the gold market hadn't been devastated by all those margin calls etc..there would have been plenty of money around to move the gold market when the currency crises started etc I was bullish after BREX because I too thought that a huge amount of gold would never come onto the scene.. I didn't realize how many gold buyers would be devastated by margin calls..BRE-X collapsed the market..the way the Toronto exchange handled it for mutual funds I thought also contributed to collapse.. One and one doesn't add to two Yesterday in a discussion with a friend I finally realized how Rubin could be telling the other countries that it was important to play down inflation with the US's huge trade deficit.. The world needs the very strong dollar now to keep americans buying even though their savings rates is minus ..so the rest of the world won't fall off a cliff.. once Japan is in recovery..then it would be safe again.. So since gold is the indicator most people use for inflation and thus higher interest rates and a cooling off for consumer spending..it would seem that most of the world's governments would go for keeping gold down rather than facing global depression.. I think you can't manipulate the world economies and when government tries to..it will blow up..