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Gold/Mining/Energy : Gold Price Monitor
GDXJ 108.28-0.9%Dec 1 4:00 PM EST

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To: Abner Hosmer who started this subject6/29/2001 12:56:10 PM
From: marek_wojna  Read Replies (1) of 116791
 
Any upside move in POG before official propaganda change the tune doesn't stay the chance. We might touch 300 or 250 without any reason. Value of the CNBC darlings in most cases wiped out 90 or more percent. They still overvalued, what means lots of investors doesn't care, as long as they can enjoy the game. The only sector of economy which presently have the fundamentals is the gold and its derivatives. Yet because is political will take the economic disaster to move it. Recent calls from US administration to the world leaders to ease monetary policies point out that present system is to fail in near future. Don't expect too much of cooperation - political unity of the world is cracking due to economic hardship, unseen overcapacity in terms of production. Having said that I urge the thinking people to invest in gold having in mind long term, as I'm positive the few ones of baby boomers enjoying retirement will be gold investors.
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