Over the years I've watched gold as a barameter of on impending storms my experience has been that as gold moves up or down in a radical way its an indicated of something serious comming within a month. Its at 264.?? US today. This is not a good sign if gold is stable or moves very slowly then most of the time things are in control, but this latest drop, even though we were told that the UK was selling, indicates something on the horizan. ANY Comments? Justthinkin

-- justtthinkin com (y2k@justthinkin.com), June 04, 1999

Answers

justthinkin

Now why would the BOE say they are going to sell vast reserves of gold just to see the price go down and they lose major money. This has no basis on sense. Of course that could be my Scots heritage.

This is just speculation!!!! But the drop in the price of gold is inline with the drop in the value of the Euro. Plus the instability of Gold started with the Euro. Before it was hovering around 300 US +/- a few bucks. Wierd.

This of course is apart from major players shorting the gold market, G& S having their mitts in everything, sceptical Mine minipulations and more.

This is an interesting story.

-- Brian (imager@home.com), June 04, 1999.

hmmm...Interesting......I hadn't thought much about the Euro. I'll have to give that more thought. Although from what I'm hearing from cousins in Europe(Italy, Holland, Swiss. and Austria. They are doing find but very afraid of the Kosovar war. Justthinkin

-- justhinkin com (y2k@justthinkin.com), June 04, 1999.

Has anyone though of this? get rid of you paper and buy gold. and if you have control of the gold prices, lower the price so your paper goes farer

-- Goldy (gold bug@mine.com), June 04, 1999.

If you've moved out of paper and into gold how can you get more from the paper? (I'm not following you here!)

justthinkin

-- justthinkin com (y2k@justthinkin.com), June 04, 1999.

Bug

I think what you are trying to say is that if the gold price drops interested parties can by more gold. But who are they? The time would be right if inflation raises its ugly head. Or interest rates are going up. To much speculation and not enough data. I personally think the economy revolves around how Greenspan coughs. There are big things happening in the FRB and the derivitives situation. Disclosures and all that stuff. We may see the investment companies with no clothes on.

-- Brian (imager@home.com), June 04, 1999.

Please understand my original comment, in that if gold moves up or down radically it presents itself as a percurser of things to come soon. Some previous items were. UP means inflation, or some form of fear derived from people thinking paper was losing is value. Down means someone is trying to get cash from the systm. Eg. When Sudam Insane start the gulf war there was a sudden drop in gold because he was selling to buy arms. When there was a sudden rise in gold there was a disaster with Chernobol. What I'm saying is that gold is a good forcaster of something in the wind, known only to a few. You'll see what I mean soon! Justthinkin com

-- justthinkin com (y2k@justthink.com), June 04, 1999.

justtthinkin: My favorite gold site is http://www.gold-eagle.com

http://www.gold-eagle.com

This site also has an entire section devoted to Y2K and gold.

Also, the best PM discussion group on the net, IMHO, is the one at Kitco. Here is where the up to the minute news is torn apart - everything that is happening of importance where you will find out the latest on the gold leasing scams, forward selling, short positions, CB sales, market manipulation by the PPT, you name it. (www.kitco.com)

http://www.kitcomm.com/cgi- bin/comments/gold/display_short.cgi#start

Hope the links work, I have been having trouble with them lately.

Best of luck, and never stop thinkin'

Rob

-- Rob Michaels (sonofdust@com.net), June 04, 1999.

Another great place to get an education about gold (and silver) is at

www.the-moneychanger.com

-- Jack (jsprat@eld.net), June 04, 1999.

I think the gold price going down indicates once again that central bankers always cover themselves. By anouncing a sale the price drops and it's buying time for the bilda - burggerz [intentional] of the world to buy low and money up. So, it boils down to you and me timing the market, am I right?

-- Will (sibola@hotmail.com), June 04, 1999.

Timing the market? The market that is manipulated? You have a stronger stomach than I do. Best of luck.

-- Rob Michaels (sonofdust@com.net), June 04, 1999.

Gold doesn't move up and down. Currencies move up and down relative to gold (and other REAL things). Think about it.

Recent "prices" indicate the U.S. "dollar" is getting stronger relative to gold. But strength of a currency is based on perception. Is the perception true that the dollar is strong?

The big players are obviously trading in their gold for currencies. Currency is valued by them more than gold (this is reflected in what we see as a drop in the "price" of gold relative to currencies.) Now why would they value currency more than gold? Hoping to buy gold back at a lower "price" later? (Like in 1999 Dec or 2000 Jan or ?)

BTW. Currencies fluctuate against each other. There have been many times where the price of gold has "risen" in one currency and "fallen" in another, because one currency has fallen (or risen) against another. The U.S. is not the only country in the world. Things to think

-- A (A@AisA.com), June 05, 1999.

Sources for gold news:

Le Metropole Cafe

Gold Anti Trust Association

Le Metropole offers regular analysis for gold traders, gold mines, bullion markets and current events incl Y2K which affect gold supply, demand and price. It costs $ to read their site but they offer a free two week trial membership.

GATA has filed an anti-trust suit against Goldman Sachs and others alledging that the defendants have illegally conspired to manipulate gold prices downward.

-- Bill P (porterwn@one.net), June 05, 1999.

Rothschilds, LBMA and gold

-- humpty (Iam_not_a_number@hotmail.com), June 06, 1999.