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


To: Elizabeth Andrews who wrote (33940)5/15/1999 12:40:00 PM
From: Ironyman  Respond to of 116764
 
Liz,

The manipulation of the POG has become far too obvious.

If you were Fidelity, would you tell everyone that were about to get out of a particular stock? ( BOE news )

The only good which may come of this, is a major change in China.
( At least I think that this will some effect with regard to the defeat of Communism? )

Regards,
Eric Parde



To: Elizabeth Andrews who wrote (33940)5/15/1999 9:32:00 PM
From: long-gone  Read Replies (1) | Respond to of 116764
 
<<Tell me what you think is the number one reason why gold is undervalued relative to other assets? >>
The most basic of all rules of valuation - scarcity. It is being manipulated thru use of paper - of which more can be printed.



To: Elizabeth Andrews who wrote (33940)5/15/1999 10:25:00 PM
From: long-gone  Read Replies (3) | Respond to of 116764
 
<<Or the first five?>>
It's not that gold is low, rather, the Dollar is high, gold is simply the bbest way of keeping score. The most productive wheat corn and bean fields in the world(as a measure of output per acre) are not showing a profit, farmers are simply existing through government handouts. Much of the manufacturing industry has been exported to other countries. 65%(and this has gotten better in the last month or two) of all US petroleum workers are not working. Silver is selling below (3rd world) cost of production.