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


To: long-gone who wrote (33901)5/14/1999 1:03:00 PM
From: Don Green  Read Replies (1) | Respond to of 116786
 
Ask the Professionals

So what's up?? with this huge unjustified Inflation scare in the Bond market..Why does Gold continue to drop?

Now 275.

Don



To: long-gone who wrote (33901)5/14/1999 5:50:00 PM
From: Zardoz  Read Replies (2) | Respond to of 116786
 
"So, maybe it's 5.9% instead: #reply-9466980 note the date."
Which says:
Tuesday, May 11 1999 2:58PM ET
"So, Who ever it is, is betting the spread between gold carry & long bond. That means that if(when) long bond hits 6% they will(try?)to drive gold lower?"

You know Richard you could be a great TA person, if you'd let this manipulation thingy die {small amount of sarcasim} Inflation is being misreported, because most rely on CPI. If you follow CPI, then today meant nothing. I don't follow CPI as real inflation, and I can't understand why others do.

But the truth is gold was diving before the news hit the wire, and it turned up after: kitco.com Point being, gold had a lot to do with Bank of England chief;

Eddie "George's comments follow a statement earlier this month from the central bank's Monetary Policy Committee that it may need to reduce interest rates if the pound remains strong."