XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 30.25

-2.9%

2:54 PM EST

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To: chirodoc who wrote (5038)	12/8/1997 7:07:00 AM
From: Robert K.	Read Replies (2) of 17367

Actually gold is a relative thing......................................".....when central banks stop selling and the price drops it could be a good buy. till then xoma looks better--and that isn't saying much." Gold is going down in price OR going up in price depending on how you view it. Or perhaps gold isnt going up or down in price.. What is changing is the amount of paper money to buy gold. Example the korean won recently 800/dollar, now 1200/dollar. In relative terms if gold was $300/oz then in Korea gold has risen from $300 to $450/oz. Basically diito that for the yen or any other currency that is in crisis. The reason is the dollar is stenghtening RELATIVE to the won,yen etc.... therefore the price of gold HERE is seemingly going down, but elsewhere it is actually going up. IMO gold is gold , the values are essentially unchanged,the currencys are rotating around it. If when our dollar is in crisis, gold will "seemingly" go up.

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