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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.90

+4.2%

Dec 9 4:00 PM EST

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To: Enigma who wrote (81618)	2/6/2002 1:52:34 PM
From: E. Charters	Read Replies (2) of 116805

Perhaps people really do need to be protected from themselves. Enron is a case in point. So Bre-X and Enron and Myer Rush and Guy Lamarche and New Cinch and Windfall and Billy Sol Estes define all that is wrong with speculation. But Kidd Creek and Hemlo define all that is right with it. Scams like the South Sea bubble are not products of the modern mind alone. In this there is nothing new to learn. So we eliminate all risk in life. We elminate money and the future. That will do it. Eliminate all lies and misrepresentation. Simple. No prob. There is danger in unchecked untrammeled speculation. But it is the lemming impulse of man. If 10,000 people want to buy a stock, it will rise. No use in me telling them that the internet cannot sustain its false promise of glory. It's funny the wet blankets don't use the tech stock bubble as a case in point where the advise holy caution in speculation. Gold, long beaten down and groggily rising off the canvas, is the whipping boy. Fiat money prejudice would have nothing to do with it. Liberal misspend phony bubble eternal blue sky economics would not have a thing to say in this regard. Oh no. It's that pesky yaller metal. It doesn't deserve to be valuated at say more than 2 dollars a pound. Never mind what 10,000 buyers say. Many say this rally will sustain. Many say it will go to 350. I say perhaps 330. Sustain? Well that is hard to say. Sales are bigger than production for many years. This is an artificial short. Sales of gold have been effected in order to buy gold forward. Production is at a high and going higher. It is difficult to say that gold will sustain. But normally gold will rise in difficult economic times. Also it can be seen that many world currencies are weak. This points to a stronger case for gold. EC<:-}

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