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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: NucTrader who wrote (258992)	9/4/2003 9:22:01 PM
From: Beachside Bill	Read Replies (1) of 436258

Why I hate gold stock now. Let see... Last month the World Gold Council was informed from the SEC that it needed to resubmit...another year before the ETF Pumpers in gold point out that people in China can now own GOLD... eventhough the average income is 10 cents USD per hour. Deflation of the dollar is the worst reason to buy and induced hyperinflation by printing money is fools gold. In reality it is still deflation. Lucrecuis poited out to me the Washington agreement ends 2004. Guess sellers re going to wait until the agreement date before selling. Central governments still have a decades worth demand on gold ready to sell. I love stocks like RGLD, MDG, AEM and even NEM at 40 PE because NEM said gold would break 400 next year. Yes, most likely true because of dollar softness next year... not demand. As U.S. being the number 2 gold producer in the world with S. Africa. The increase in price is offset by the cost of labor that rises by the same amount of the rand, dollar devaluation against strong currentcies like Taiwan,Australia and New Zealand. Nuff Said. Gold is an overvalued hype right now... maybe in another six months.

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