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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: long-gone who wrote (88471)	8/1/2002 3:26:11 PM
From: grusum	Read Replies (2) of 116764

Lewis says "The great gold rally of 2002 may already have run its course". Notice a little lack of objectivity in that statement? When he says 'the great gold rally of 2002' he has already put it in the past. Near as i can tell, his only argument is what has happened in the past, like 'if people bought gold at $850 in 1980 they have watched their investment shrivel'. Well no kidding! I wonder how long that fact has been evident to him? He chooses the highest point in gold's history 22 years ago to make his point for the bear market? Where is his analysis of present day events such as world economics, the effect on world currencies, hedging, mining production, supply and demand and a few more that i can't think of off hand. This was the weakest claim for a bear market in gold that i've ever read, and if it's the best the bears can do, then i still feel mighty good about being a gold bull…

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