Replies to post #224 on PHLX Gold/Silver Sector (XAU)

[long-gone]

To:John Barendrecht who wrote (252)
From: John Barendrecht Monday, Jul 7, 1997 12:39 AM
Respond to of 80032

Ron Nicklas on Silver Mining in the U.S. July 6th
http://www.stockhouse.com/news_letters/interviews/Jul97/070697.cfm

To:John Barendrecht who wrote (254)
From: William Jones Monday, Jul 7, 1997 12:59 AM
Respond to of 80032

Hello John,
I want to say thank you for your informative posts, thank you. A
passing thought, Kerm has a korner for posting oil info which is excellent. Perhaps SI needs John's Journal for gold info posting, so all may share. Best regards, willyum


To:Bobby Yellin who wrote (244)
From: mikesloan Monday, Jul 7, 1997 1:30 AM
Respond to of 80032

Hi Bobby. POG $317.35, It's in freefall. Stephen Wyatt has an excellent article in today's AFR, a few paragraphs I've copied below.
"No, blaming the RBA is like shooting the messenger. The
real reason for gold's weakness is that, for the first time
ever, the massive stocks of gold throughout the world are
increasingly being viewed as part of gold supply.

To the uninitiated it is an obvious fact that stocks are
naturally part of supply, but to the gold market this is an
abhorrent, almost irreligious, concept. Gold is special. Or
is it?

More and more analysts are arguing that, as every day
passes, gold, becomes less special and is on the road to
becoming a commodity."

I think we are going through a major shift concerning the way the world looks at gold and I believe Mr Wyatt is correct in his assessment of the situation.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1712287