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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Follies who wrote (89143)	8/29/2002 6:45:53 AM
From: long-gone	Read Replies (1) of 116759

Logon & account set-up Required: note worthy quote: (in part) "Faisal believed that commodities and industrials would do well, and he was right. His fund currently is chock full of precious metal and mining stocks, which he believed had a healthy demand to supply. He started out with APEX Silver Mines (SIL) and soon after found the big trend towards gold. Although not a gold bug Faisal remarked, "In the last 100 years, every 20 years gold prices shift from bear to bull." Based on his observations the trend will have lasting power, but will eventually reverse itself. He's not expecting phenomenal gains, but instead steady gains every year. Explaining his reasoning to me Faisal commented that one reason why gold prices were down was because "banks were buying and mining companies were selling the gold even before they got it out of the ground. But they [banks] aren't getting any interest on their investment so they look elsewhere to invest their money." According to Faisal, the rise in gold isn't over yet, not for a while at least." marketocracy.com (library)

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