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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: d:oug who wrote (70525)	5/28/2001 12:14:55 AM
From: dean poets	Read Replies (2) of 116762

Here is a recent commentary from canamtrader.com The CanamInvestor analysis of gold indicates that gold is making a major bottom. Gold stocks can be considered for patient accumulation. However, we think that a good move up in gold is a year away. The U.S. dollar must move down for gold to move up. Keep this in mind for Gold and mining stocks: As you know the mining industry has been on hard times; But that can change. Of course, so called experts have been saying that there is no inflation today. I have been hearing morons say that there is no inflation for the last three years. One thing for sure that is not inflating, is the size of their brains. Bottom line is that gold is an alternative to stocks and other investments. It currently remains as a weak alternative. But it is cheap using several different measures. Although it's not yet its time, when it is its time, you will be paying up for the shares and usually by quite a bit judging by past movements up in gold shares. The key is patient accumulation of these stocks in the early stages before any upward moves in their price. Another important factor is the US dollar. When it does weaken, gold will have its turn again. So the bottom line is that gold stocks need two things to occur before they can perform well, a weak US dollar and a harsh correction in the stock market. Benjamin Franklin said over two hundred years ago that "he who has patience can have it all." That is the story of gold for now...... for now......for now.

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