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<DIV><FONT color=#000000 size=2>Ray:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Interestingly enough, the real issue, I believe
has to do with local legislature and the wonderful gasoline tax that was imposed
some years back. I have made recent trips to Nevada and California and to
my surprise regular gasoline in those states is somewhere in the vicinity of
$1.75/ per gallon. Here in Chicago it is around $1.30/per gallon for
regular. Of course, Cook County puts on an absurd tax on the gas and even
in the suburbs it is around $1.15 per gallon. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>The one thing that I remembered about Europe was
that gas was always outrageous and I used to say thank god we don't have that to
worry about in the states, well I guess those days are well behind
us...</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Little to do with the underlying commodity....</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Pete Beckwith</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Tue May 11 23:37:13 1999
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Date: Tue, 11 May 1999 23:29:43 -0700
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From: Varouj <VaroujYA@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: RE: FUT Gold, is the game up?
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RealTraders Discussion Group
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Is the actual announcement tracable? Who buys this gold from the
government?
I mean do they really sell gold or are they just saying they are selling
the gold, and then, waiting for the prices to drop, so they could buy more
before Y2K?
On Tuesday, May 11, 1999 11:55 AM, Earl Adamy [SMTP:eadamy@xxxxxxxxxx]
wrote:
> Hard to say why gold sales are preannounce rather than quietly selling
into
> the market. Certainly there is not much which is less popular right now
than
> gold and all governments are sellers - a strong set of contrarian
signals.
> Still, once the 78.6% retracement failed on June gold there is absolutely
no
> reason to be holding gold futures until there are some signs of a low.
The
> picture in the gold stock index (attached) is a bit different but it is
for
> now, at best, a hold if support holds here. The good news is that gold
> stocks general lead gold prices so it the XAU holds we may not have to
wait
> long for a bottom in futures.
>
> Earl
>
> ----- Original Message -----
> From: Stig Olausson <olausson@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Sent: Tuesday, May 11, 1999 6:18 AM
> Subject: Sv: FUT Gold, is the game up?
>
>
> >
> > Can anybody explain THE REAL REASON for such a statement?
> >
> > I thought everybody was interested in getting as high a price as
possible
> > when selling something.
> > However telling the world that you are flooding the world with gold
before
> > you sell must have a negative impact on price. so why telling
everybody??
> > Furthermore, would it not be considered irresponsible by the british
> people
> > (to whom the gold belongs?) to start a firesale?
> > Or are the British in on the conspiracy to keep goldprices down (to
avoid
> a
> > dramatic fall in Bondprices ---> stocks, according to the piece) that
you
> > could read about in the harry Schulz letter some time ago?
> >
> > The same day gold fell $9, silver produced a bullish engulfing pattern
> that
> > engulfed the 3 most recent days !
> > Any opinions or facts out there?
> > Stig
> > ----------
> > > Fra: Earl Adamy <eadamy@xxxxxxxxxx>
> > > Til: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > > Emne: FUT Gold, is the game up?
> > > Dato: Saturday, May 08, 1999 6:55 PM
> > >
> > > Now comes the Bank of England telling the world they are liquidating
> > their
> > > gold and gold futures tank falling to a 78.6% retracement of the
recent
> > > rally before recovering modestly. So is the game up? I don't think
so.
> > Any
> > > other opinions?
> > >
> > > Earl
> << File: XAU.gif >>
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