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Gold/Mining/Energy : JAB International (JABI)
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To: Ryan Weisman who wrote (2020)12/5/1997 8:16:00 PM
From: blowout  Read Replies (1) of 4571
 
lets talk price of Gold

IMHO, Only the conservative money will stay in the metal as it looses it's luster to the more courageous investors, who are seeking their fourtune in the over valued stock market. I did read however that new home sales were down, I wonder where the money is going. If it"s being invested in the market, then interest rates should inch up because that will mean less money loaned, inturn lowering shareholds returns.
Now if more money leaves the banking industry for better returns in the market there will be less for loan and that may inch intrests up also.
And if this were all true then less demand of materals will force their prices up an so on. But hey this could take a long time and so I don't think any thing short of a market crash could snatch the POG back where it has been.

But I think this is good for us because as Leman and the S&P (see link) keep downgrading gold stocks, because lower POG means lower profits, and the less likly hood of them meeting their credit obligations, some will be forced to close opreations. So in time with production down, Gold will become more valued.

Now this is why IMHO it is good. We have no credit obligations, we have a Nine million dollar free ride. Our pofits will be excelent and that will attract investors, and when the POG returns will we will be situated. and if the market fails what better stock to be in but the ones bringing up gold that ever one will race to own again.

If interrested here is the link hope this one works.
Blowout
biz.yahoo.com
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