To:John Barendrecht who wrote (187) From: Gary Thursday, Jul 3, 1997 4:16 PM Respond to of 79916
I recently saw the latest information on gold pricing from the Princeton Economics Institute . They are calling for a low on gold for the week of July 7/97. They are very bullish after March 1998. It may bottom in July 1997 but I would be very suprised to see a big rebound soon. They also say that before gold moves to the upside we must see 99% negative sentiment for gold. This is happening. I for one do not beleive gold is history as a monetary unit. I beleive that within five years people will be buying gold in a big way to hedge against today's solid currencies. The politicians of the world want their currency and credit practices to replace gold as a standard. That very tact on the part of greedy and vote buying politicians is want will get us all in trouble.
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