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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (69755)	10/29/1999 12:12:00 PM
From: Joan Osland Graffius	Read Replies (1) of 132070

MB, >>I think this rally in the indices is the last blowoff. IMO, to make this the last blow off we need to get the bears to buy in. What are your thoughts on gold? I received a call from a sorority sister yesterday wanting to buy gold using stocks. I noticed Flek had Homestake and Anglo on his list. I also noticed you had mentioned that the western political climate for currencies is not exactly positive for gold. I am starting to keep an evil eye on BR and UCL. Looks to me like the street is betting on lower oil prices going forward. I wonder if there is some leakage in the cartel or are we experiencing a slow down in demand (economic slow down). Do you have any thoughts on this sector? Joan

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