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

To: Ken Benes who wrote (33469)	5/8/1999 9:59:00 AM
From: Enigma	Respond to of 116762

Do you think they are scared (ironicly) of charges of price fixing? If we have an oil cartel why not a gold cartel? It must have been considered. d

To: Ken Benes who wrote (33469)	5/8/1999 11:24:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 116762

Ken, Sweet little lies that don't fit. First we are told that gold is a relic. No longer any harbinger of inflation. No safe haven. Not worth backing any currency or as a reserve currency. Meanwhile back at the ranch, oil rises from 11 to 19 dollars a barrel, real estate starts going crazy, a labor shortage cause wage inflation. Asia and latin america bottom... Interesting though is everytime gold starts to make a little run, the selected central bank dumps a bunch of it. Invariably, at that time, some analysts point to the selling in gold as an indication that "there is no inflation". The bond market settles down a little, the money keeps flowing into the stock market and all is well for a little longer as the bubble keeps getting larger and larger. And here I thought gold was supposed to be a relic indicator of inflation? Makes a pretty good tire patch but only for now.