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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.60

+2.2%

Dec 26 4:00 PM EST

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To: Zardoz who wrote (86586)	6/10/2002 8:10:22 AM
From: long-gone	Read Replies (1) of 116833

<<Gold's gotta Die so the Dow can survive! >> No, (IMO) the DOW & gold can coexist in peace & harmony. Seems the real rub comes in with the speculative techs and gold trying to exist at extreme high valuations at the same point in time. The only way Wall Street could drive the techs to P/E's of(extremes) 10k+ was to kill all diversification & this included gold. Sure, the DOW hits may continue but not the broad DOW, pushy tech parts of the DOW might be seen to include MSFT INTC IBM HPQ SBC & a perhaps a part of UTX - and these are all REAL companies with real earnings. Should the DOW be +5/30 tech? Will the DOW still be +5/30 tech in the next 24 months? But the real point is the speculative techs, they must become as universally hated as they were loved and in the process their alter-ego (GOLD) must become as universally loved as it was hated. Then, and only then, has the correction run its course & the pendulum can begin to swing back the other direction. Beware though, this pendulum does not swing smoothly, but with fits & jerks & even partial reversals, but the entire path will be touched. Can you live with a 10-20 year overall up cycle in gold?

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