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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: ahhaha who wrote (43928)	10/26/1999 5:11:00 PM
From: Gary H	Read Replies (1) of 116756

I think you would find that the increase in disposable goods (which we could now include as just about everything),which is your industrial companies, would run close parallel to the markets. Unfortunately gold is not a disposable good. Some has been lost only to be found a hundred years later at the bottom of the ocean and did not deteriorate in quality. A truly non-disposable. This, for centuries was the great appeal of the yellow and therefor held a higher value in relation to other goods. To possess something that was indestructible when life was short lent the feeling to ones own life. Compare the possession of gold to life expectancy in India. Life expectancy is continually increasing in wealthy countries so that psychological effect has waned. So an non-disposables in a world hell bent on producing disposable at an ever increasing rate isn't going to catch the big buck for long. Still looking for those blips in gold price when they come.

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