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To: John Hunt who wrote (34815)6/2/1999 10:07:00 PM
From: goldsnow  Respond to of 116764
 
This bubble is worse than we all may think....The money got to move where there are better returns, back to oil exploration, perhaps?

The United Arab Emirates' robust 1999
budget, in contrast to cutbacks across the Gulf, illustrates how its
overseas investments have shielded it from the worst of 1998's world oil
price slide, analysts said.

infoseek.go.com



To: John Hunt who wrote (34815)6/2/1999 10:18:00 PM
From: Don Green  Respond to of 116764
 
>James Dines Forsees

He is slightly less accurate than was Carnack on the Tonight Show

Don



To: John Hunt who wrote (34815)6/3/1999 7:10:00 AM
From: lorne  Read Replies (1) | Respond to of 116764
 
From Commodity Research Bureau.
New York--Jun 2--The Gold Anti-Trust Action Committee (GATA) chairman Bill
Murphy today said that the massive gold lending has reached a point which
may pose a "systemic risk" and called for greater transparency in central
bank gold lending practices. GATA estimates that gold speculative borrowing
is around 3,000 tonnes and that total gold lent into the market ranges from
8,000 to 10,000 tonnes. By Cristine Denver, Bridge News, Story .26059
crbindex.com



To: John Hunt who wrote (34815)6/3/1999 10:38:00 AM
From: long-gone  Respond to of 116764
 
<<StockHouse: Because England now sold about half their gold reserves, does that mean a ceiling of US$300/ounce has been set for the time being? >>
No, unless one thinks "the time being" is 2-6 months.
rh