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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Zardoz who wrote (3119)6/3/2002 8:52:40 AM
From: nickel61  Read Replies (1) of 3558
 
Looking at the recent last ten to twenty years as a prologue to the future is a dangerous game for a man of your age to play. I would role back your vision about fifty years and look with more wisdom at the relationship of the US dollar to inflation and growth in the money supply and you will see that much of what you expect is really Greenspan/Rubin speak of a perpetual strong dollar policy and a continuing inflation in US stock prices. Do you really think the stock market will rally from these levels? Derivative players have basked in the glow of their own hubris for quite awhile now. It remains to be seen if they really have any grasp of the broader fundamentals over time.
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