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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

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To: marek_wojna who wrote (72182)	6/22/2001 10:10:09 AM
From: ItsAllCyclical	Read Replies (1) of 116791

>> Search for universal currency will take the place. E-gold stand best chances. << Please, you're confusing the gold bears again. ;) Gold doesn't have to "replace" the the Dollar for it to do well (and I don't expect it to). Gold is such a small market that all it will take is a MARGINAL shift in how people feel about holding $$$ vs holding gold. When oil prices went from $12 to close to $40 it only took OPEC cutting about 1 mil barrels or less than 2% of the daily supply. That combined with an improving world-wide economy and a sentiment change caused the oil boom. The total difference between the supply/demand change taken together was less than 5% and it caused a 300%+ change in oil prices. Will 10% of the $$$ investors shift into something else? Will we see 10-20%+ more gold buyer vs sellers over the next couple years? I think so... I can see why gold bears just don't get it. They don't understand that commodity prices are determined by the marginal supply/demand change.

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