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

To: John Hunt who wrote (34336)5/21/1999 12:53:00 PM
From: Jim McMannis  Read Replies (2) | Respond to of 116764
 
Looks like the EuroCBs have gone to the well too many times. Who's going to bid up gold now?

What will they do when the paper Euro goes sub $1? Sell more gold and get less cash to back the Euro? Looks like they are sucking themselves into a black hole. I suggest everyone sell their gold, driving it lower, closing mines, trashing the EuroCBs cash potential from selling gold. They started it, let it finish them.
I really thought it was a pathetic statement when they pegged the Euro at more than $1.

Jim



To: John Hunt who wrote (34336)5/21/1999 3:20:00 PM
From: John Hunt  Respond to of 116764
 
Global silver demand fell in '98, survey

<< The survey said silver stocks were probably now in tighter hands.

"There was a huge transfer of bulliion from 'stale' longs to new investors, notably Berkshire Hathaway ( , between August 1997 and February 1998 and our impression is that these new investors still own a substantial proportion of their original purchases," it added. >>

yahoo.co.uk



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