At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Stephen O who wrote (1344)	7/2/1998 2:02:00 PM
From: Ray Hughes	of 1911

Stephen, Bad in the short run due to possible reduction in flow of funds to spur demand. Bad in the short run if fairer trade raises costs, thereby reducing potential level of economic activity. Developing world is at youthful stage in growth curve at which stage their economies consume more materials per unit of GDP as compared to western economies. Hence, "good business" is bad for commodities. Good in the long run because bad business between partners usually results in inefficiencies as each partner's activities become defensive rather than supportive. I think we have to separate what is good for the world's condition from our own (selfish) interests re: metals prices. RH

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