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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Crimson Ghost who wrote (53950)	6/8/2000 3:39:00 PM
From: pater tenebrarum	Read Replies (1) of 116764

George, this line of reasoning simply makes no sense. if it did, bull market conditions for gold could never possibly have existed. and yet we have had quite a few sizeable gold bull markets. to be bearish at the tail end of an aging trend is the majority position however, so i'm not surprised to hear it is espoused by these dudes as well. the last gold bull market coincided with sharply rising rates...whether gold prices rise or not, is not only a function of credit market or economic conditions, but of intermarket relationships. a falling dollar almost assuredly means rising gold prices...but also a weak stock market will inspire investor interest in gold. the gold market is so small in relation to other financial markets (and the gobs of fiat money that have been printed) that even a minuscule increase in investment demand would suffice to generate an enormous rally in prices. not to mention all the other peculiarities the gold market is beset by, which we all are well aware of that would serve to magnify a rally once it gets underway.

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