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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: Rarebird who wrote (51420)4/14/2000 7:58:00 AM
From: long-gone  Read Replies (1) of 116759
 
<<Demand for Gold cannot be represented as a linear function; it depends on the economic environment and the degree of growth that is present at the time, along with the monetary policy and the inflation rate.
The NDX is down 27% from its highs. At some point in the near future, the S@P will follow suit. Bond made a very bearish reversal yesterday. What will Investors and the World turn to when the Almighty Dollar follows suit?
Gold>>

Remember, there is No Vehicle available most people can use to invest the Bulk of their net worth in gold or silver bullion!!!! It is not as simple as their having the desire to move into gold, they must first have a gold bullion holding mutual fund available in their work place.

In my opinion
The World Gold Council has been Slothful & Shiftless in their efforts to make Gold available to the masses as an alternative investment vehicle! Were the World Gold Council only get off thier LAZY DEAD BACKSIDES & start a INSURED BONDED STORAGE FACILITY and establish a LOW COST BULLION FUND with a policy of NO GOLD LOANS(!) and really attempt to make it widely available to the American Working Person, demand could have a chance at an upside move.

Until the time when gold bullion is broadly available as an alternative - a short gold position is a near safe bet.
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