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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (5853)	1/14/1998 5:54:00 PM
From: philv	Read Replies (3) of 116764

George S. Cole: You opine that "when the Asian markets and currencies tank, the dollar strenghtens and the demand for gold in that region of the world declines". That statement clearly implies that "Gold" is not the refuge against contrary economic conditions, and that Gold has been de-linked from its previous "monetary" value. Stated simply, gold is a mere "commodity", bought in good times, sold in bad. If that is reality, it is not the picture most of us like. Comments? Phil

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