At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Robert Jensen who wrote (636)	7/8/1997 7:14:00 AM
From: Bobby Yellin	of 1911

I think if the dollar is strong people won't mind parking their money in dollar assets ...also since gold is measured in dollars there is an inverse relationship when one goes one way and the other goes the other.or if gold stays the same and the dollar rises the price of gold will go down in relation to the dollar and to maintain same value among other currencies etc..I think hard assets have been in deflationary mode..especially when Russia dumped all their hard assets on the market to raise cash...also with the advent of derivatives and people forgetting the fiascos of Orange county...people haven't been hedging with gold yet.. I think the mania in paper assets is where people are shoveling the money(although real estate prices are going ballistic again in my region..a double top?)...I heard something terrifying which is quite acceptable these days talk about derivatives...something about bonds ...real junk bonds...based on the delinquent credit cards or something like that.. boy does that give you faith in all the people who creating all the derivatives :)

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