PHLX Gold/Silver Sector (XAU)

[long-gone]

Bobby Yellin Monday, Jun 9, 1997 9:23 AM
Respond to of 79859

I think there are people other than the central bank who are controlling the gold market...as long as it doesn't rally, more and
more money will flow into the equity and bond market..as soon
as gold starts rallying...it will have an impact on those
markets..
anyways...even now that the emu is in trouble again..doesn't seem
to matter...
I guess it is impossible to see the whole picture...but that is the
only thing that makes sense to me...wonder if we will have to wait
for the next recession...somehow this time I don't think so..