Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: j g cordes who wrote (16127)	10/3/1998 1:30:00 PM
From: James Strauss	Read Replies (1) of 120523

Gold: Jim: I agree with your analysis about gold stocks... We are in a deflationary environment... Not usually good for gold... What we are seeing is short term movements reflecting the need to find another place to park money besides equities... Once it sinks in that deflation is not conducive to higher gold prices we'll see gold drop below 300 an ounce again... This will cause more mines to cease or reduce gold production... This will set the stage for an eventual supply shortage that should boost gold prices... But, until then, gold is more likely to retreat than advance... Jim

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