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

To: Ken Benes who wrote (34508)	5/25/1999 7:12:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116790

Y2K is deflationary in itself... Those that are least ready to handle it will suffer the most. Europe and Japan come to mind. Can't help but think that USA bombed the Chineese Embasy because they knew, and wanted revenge for the nuclear spying. And took the action before the Cox release. And will us the Cox report as a power play against China and WTO.

To: Ken Benes who wrote (34508)	5/25/1999 7:41:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116790

Well if you play the odds 20 year lows could be very attractive - even if you're 5-10% out. Also the currency mahem you refer to and Y2K might be chaotic enough to cause a run to gold after all - the British auctions are going to be very interesting. At this stage the worst thing would be for the B of E to cancel or postpone the auction. The damage done already to the asset value of the Brit's and other CB holdings is huge and could have a salutory effect on further sales. The idiots are selling low, and probably buying high. Frankly, we're in such uncharted territory that nobody can have a clue - except to say that gold will be under pressure for a month or two more at least- but, having said that, I think some gold stocks are buys right now. d