Insanity prevails !!! gold is a victim of deception and manipulation! We have seen the repeated proof in the last days of ( TRADING ??? ) no Fundamentals or sanity will correct the trend. ONLY UNITED ACTION AND MASSIVE POSITIVE WORLD GOLD ADVERTiSING PROGRAM WILL SUPPORT AND COUNTERACT THE WELL ORGANIZED MANIPULATORS OF FINANCIAL STABILITY IN THE WORLD.
Golddiver ----- Original Message ----- From: "Mark S. Ohberg" <[EMAIL PROTECTED]> To: "e-gold Discussion" <[EMAIL PROTECTED]> Sent: Thursday, July 25, 2002 1:04 AM Subject: [e-gold-list] Re: Gold dropping > Eve wrote: > > > So...who/what's driving the price of gold DOWNward???? > > Hi Eve, > > This is the pause that refreshes. > > The main reason gold went up was a reduction in hedge books by major producers. The industry is currently short about 97 million ounces of gold from forward sales and option > writing. > > This is resulting in substantial losses for more than one quarter. The dollar has weakened against the euro and other major currencies as a consequence of the dollar being > overvalued. The US trade deficit is still exerting downward pressure on the USD. But also because of investor pessimism in the US. But most of all, the difference this time is the > USD is no longer a safe haven for foreign investors. Gold is. > > Many with short positions expect gold will lose favor in its rivalry with the dollar in the safe haven stakes by year-end. The dollar is trying to get bolstered by the Federal > Reserve Board > > On My Gold stock pick page. The few Gold Equity stocks we have always recommended have performed dramatically and only by mid year. The Best performer saw (Ticker: SEABF ) The > Best performing precious metal Gold Equity Stock, with a half yearly change that was up over 664%. > > Therefore to purchase a gold stock like this now can be risky. This drop in the gold price is the pause that refreshes. The question is, Time to Take profits or sit tight in hope > of further gains? > > Any time gold is trading at a price less than 12-to-1 to the price of oil, it's a bargain, > nothing is ever said about this phenomenon. Gold's very identity is undergoing a seismic shift perhaps not seen since the 1970s when the United States stopped pegging the dollar to > gold and began allowing private ownership of it. The metal's value now is more affected by speculative trading, increasingly complex hedging programs, and foreign exchange rates in > the global, electronic economy. > > Stay the course, maintain your heading, start funding you e-gold account while the tick is paused and lock in those gold bullion prices. > > Kind Regards > Mark S. Öhberg > http://www.kiac-usa.com > http://two-cents-worth.com/?107245&EG > > > --- > You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] > To unsubscribe send a blank email to [EMAIL PROTECTED] > > Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses. > --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
