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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Rarebird who wrote (49671)	2/26/2000 10:33:00 PM
From: LLCF	Read Replies (2) of 116790

<Investment Demand for Gold requires a decline in the dollar. A sustained bear market in equities does not necessarily entail a decline in the dollar. > I am only 42 years old.. but I don't know of a time when a recession or worse would be less welcome than now [or near future] from a standpoint of damage done to the individual: due to a debt, exposure to the stock market, etc. Companies: So late in the economic cycle... "every one HAS a new car" and can't afford to keep spending. So what??? Well, I don't see Greenspan or any other fed gov sitting on his hands if things get as nasty... they'll be throwing $ out the window. I do agree with those who say gold is linked with $, ie. you need loss of confidence in $ for big gold move [in $ terms]. That said I also believe that with the dynamics of the $ in world terms right now [they're all over the place] the above would be more than enough to start an avalanche. DAK

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