Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (28310)	2/18/2003 4:16:36 PM
From: Art Bechhoefer	Read Replies (1) of 36161

Frank, the question for me is whether to take gold stock profits now or wait until later this year and take a long term capital gain. In other words, do you think the price of gold will continue to fall for most of the year, or is it likely that it will stabilize somewhere near $350 or more? Even if gold prices declined, wouldn't the continuing fall in the value of the dollar result in gold prices quoted higher in dollars? Despite the momentary recovery in stocks, I'm not very optimistic except for a few growth oriented, low debt issues, mainly in the badly hit technology area. But I like the relatively low downside risk of at least some assets in gold shares. Any comments? Art

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