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: Bo Bob Brain who wrote (409)	5/3/1997 6:43:00 AM
From: Bobby Yellin	of 1911

Hi- I didn't understand your last sentence..."indicates this price to be a low that will not be reached for a few years at least"... I wonder if BRE-X was the reason or the excuse...if there had a bullish scenery on gold the majors would have spiked with less demand on the horizon...with the idea of maybe 200 million was out there.. that could depress the price of gold down the line..(how long would it take to mine anyways) I think we might have started the real bubble phase of the general market...at least in US equities...a blanced budget...less government bonds will have to be issued which would keep interest rates lower.. low wage inflation...because of the global competition...low job numbers now mean nothing...Greenspan has his hands tied...more money chasing stocks..the only place I see inflation besides food,shelter and health costs and transportation and cable tv and telephone and electricity...and of course blue chips... I wonder how long the bubble phases can run...I guess I should check out Japan's chart... I can't think of anything currently that can make the equity market go pop and can make the gold make begin to spike...but am thinking...

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