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Welcome to the USAGOLD Gold Discussion Archives. The archives of this gold discussion forum are a treasure trove of information to educate investors about protecting their wealth through portfolio diversification with private gold ownership. The discussion forum also covers the wider issues of the past, present, and future role of gold in international monetary policy and the dynamics of the modern gold markets...

 

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FORUM ARCHIVES
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Archives date back to September 22, 1998


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ARCHIVED DISCUSSION FROM 1/6/1999
All times are U.S. Mountain Time

SteveH (1/6/99; 20:57:40MDT - Msg ID:1668)
Feb. gold now ...wait a minute... this is better...
$289.10... sure looks like someone wanted to knock it down right at the close.



Ray Patten (1/6/99; 19:25:50MDT - Msg ID:1667)
No quotes!!
I have been trying on and off for about 2 hours to get quotes and nothing is happening. Is anybody else having similar problems?

Gandalf the White (1/6/99; 17:23:21MDT - Msg ID:1666)
Feb Gold GC9G moving UP in afterhours trading
Feb Gold has hit 289.4 and has drastically increased the levels of volume both the Bid and Ask sides. Please note that there were only about 142 new highs of the 3,000 issues traded on the NYSE. Does that seen right for such a huge blastoff to over 9,500 on the DOW ? Hang on and get ready to hold your breath when the bottom falls out.
<;-)


canamami (1/6/99; 17:09:05MDT - Msg ID:1665)
Unexpected Relationship Between U.S. Dollar and Gold?
Most posters here and on other gold-related sites believed that the Euro would drive down the dollar relative to other currencies, thereby resulting in a higher POG as priced in U.S. dollars. Within the last two months, both the yen and the European currencies appreciated against the U.S. dollar, but the POG went down. Today, the U.S. dollar went up, as did the POG - a relationship inverse to that predicted. Any explanations?

nugget101 (1/6/99; 16:49:20MDT - Msg ID:1664)
Alternative to Fed Reserve Notes
This organization is dedicated to the abolishment of the fed reserve. www.norfed.org.
All their money is backed by silver. I sent for some and it is quite beautiful and I wish I could become a bank for them.
Check it out.


Aragorn III (1/6/99; 10:55:13MDT - Msg ID:1663)
Don't trouble over 'technical inertia', some things take time...and...
Fed's Greenspan to visit Hong Kong, Beijing

WASHINGTON, Jan 6 (Reuters) - Federal Reserve Chairman Alan Greenspan
will visit Hong Kong and Beijing for meetings at the beginning of next
week, a Fed spokesman confirmed on Wednesday.

Greenspan will attend a session of central bank governors sponsored by
the Bank for International Settlements in Hong Kong next Monday. He will
travel on Tuesday to Beijing for a meeting at the invitation of Governor
Dai of the People's Bank of China, the Fed spokesman said.

Representatives from Asian and some other central banks are set to meet
in Hong Kong on Sunday and Monday. A Fed spokesman said it would be
Greenspan's first meeting at the BIS's new Hong Kong regional office
though he has previously attended similar BIS sessions in Europe.

Greenspan will meet Hong Kong chief executive Tung Chee-hwa, the Fed
spokesman said, but added that no information was available on what they
might discuss nor about the topics on the BIS's agenda.

But a spokeswoman at BIS headquarters in Zurich said on Monday that a
review of the global economy and bank restructuring would be among the
topics.

Greenspan last visited Beijing in May 1997, the Fed official said.

He added that the U.S. central bank chief would make no public
statements nor hold any press briefings during his visit.


Gandalf the White (1/6/99; 10:01:45MDT - Msg ID:1662)
Are things looking better -- or should I take off my rose colored glasses ?
The Dow and stock Indexii are blasting into the ionosphere, BUT the rate on the long temp bond in slowly moving upward, the XAU gap opened up today, but is slowly falling back, and the GC9G Feb Gold contract is bouncing about in the 288 range with an increase in volumn level. However, the most interesting change for me are actions of the commodities --
WOW -- HAVE they awoken ? Things are undergoing a metamorphosis --- and I believe that what shall be hatching are GOLD BUGS !
<;-)


SteveH (1/6/99; 05:17:00MDT - Msg ID:1661)
Feb gold still $287.80...
In case you are inclined to express your opinion regarding anything relevant:

http://www.visi.com/juan/congress/



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