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

To: John Hunt who wrote (33460)	5/8/1999 9:05:00 AM
From: lorne	Read Replies (1) \| Respond to of 116762

Good morning John. Did you happen to catch the anti-gold show that aired this past week I watched it twice so could have been on all week. This program had Robert Redford, slick willy and others showing the devastation caused by gold mining in USA. Showed Redford pointing at a gold ring on his finger and saying for this now scene changes to a creek somewhere with rusty water flowing. Showed slick willy accepting an apple pie from a little old lady thanking him for stopping the construction of a gold mine near Yellow Stone Park. At one point it was mentioned that POG was at 400$/oz when this program was made. There was no mention of other types of mining just gold. Also dealt with Dakota and Wyoming guess they got to do a little public brainwashing. Just wondering if anyone else seen this crap. Then england tells the world they are selling gold. Take care Lorne

To: John Hunt who wrote (33460)	5/8/1999 9:53:00 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116762

John: Britain's sale of gold was the most egregious example of market manipulation of gold that I have seen to date. When the message becomes so blatant that it is obvious to all, we are nearing the time when gold will put on a good rally and spit in the eye of any announcement of impending gold sales. This day will come a lot sooner if the gold companies will refrain from taking any more forward sales and make announcements of buying back their hedged positions as the gold price rises. The war may get so intense the the central bankers may be forced to throw their gold rolexes into the fray. The south africans, australians, and some of the senior golds, particularly Barrick, have become arms of the central banks, it is time for them to switch sides. Ken

To: John Hunt who wrote (33460)	5/8/1999 11:48:00 AM
From: Alex	Respond to of 116762

<<So then later in the day, when the Bank of England news was announced, he said: "Further, the Bank of England's decision announced earlier today to materially liquidate its gold reserves, seems rather late in coming and rather almost too obvious in its intent. Where was the bank in the past several years, holding gold as prices fell relentlessly? Why is the bank suddenly now becoming bearish? For what purpose is the bank making this announcement? We suggest it is as we noted earlier today: An attempt by the monetary authorities of the G7 to jawbone gold lower so that they can point to gold's weakness as evidence of the validity of their monetary policies." >> Nice find John. The above quote says it all. Regards