Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (20999)	10/30/2002 9:22:13 PM
From: Art Bechhoefer	Read Replies (2) of 36161

VT--Most recent data (September and preliminary October) on investment funds shows continuing withdrawals (i.e., redemptions) from equity funds along with significant additions to bond funds. Do you think investors may also continue buying gold or gold shares under these conditions? My sense is that consumers are holding back on purchases of all but essential goods and services, corporations are holding back on capital investment, and investors are still wary of most equities. Among tech stocks, almost the only significant rises in recent weeks have been war horses like IBM. The equity markets remain weak, but Treasury bonds don't seem to be the answer because yields are quite low. If one assumes gold prices will remain at current levels or move up slightly, wouldn't gold mining companies with low production costs be a reasonable safe haven, at least until investment funds start adding to equity positions? Art

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