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Pastimes : All Clowns Must Be Destroyed

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To: Joan Osland Graffius who wrote (24202)4/10/2000 9:13:00 AM
From: pater tenebrarum  Read Replies (3) of 42523
 
interesting....i still think any dip below 60 on the XAU is a buying opp.
if the PoG were to fall to the 200 area, mine closures would immediately remove about 700 tons of supply btw.

and, re. gold's value as a hedge: on Tuesday it rallied big on the decline in stocks. to compare '98 or '87 to the current situation doesn't make much sense imo. NOW gold stocks are near record lows, that's the main difference.

oil is a great buy long term....i'm not so sure about the near to medium term.
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