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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: long-gone who wrote (57450)	8/20/2000 11:20:17 AM
From: Rarebird	Read Replies (1) of 116764

Investors/Traders/Money Managers throughout the World are free to go long or short Gold futures. If they have been selling the gold stocks for a while now, that should tell you something about the fundamental economic reality that determines the POG. Conservative Gold Bugs, like you, expect a liberal hand out from the government, as if there is some kind of mandate to support a higher POG. The POG will rally based on deteriorating economic fundamentals and a lower dollar, if that manifests itself. Why should government support a higher POG rather than a strong vibrant growing economy? I don't think you realize that many more people are adversely impacted by a recession or depression than a lower POG. But you only seem to care about what is "good" for Richard rather than what is beneficial for the vast majority of people who live throughout the World. I don't blame the Government one bit. The Government has a moral responsibility to promote growth. But the Economic Cycle has not been repealed and that is why there will always be hope for a higher POG. Gold is nothing more than some insurance against a declining dollar and deteriorating economic fundamentals.

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