Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: EPS who wrote (22043)	5/15/1998 11:54:00 PM
From: Paul Fiondella	Read Replies (2) of 42771

Gold Glad to see you found the right article on the second try. First, central banks selling gold: Obviously this has happened in Asia big time. Its a no-brainer and will happen whenever currencies in Asia sink RELATIVE TO THE DOLLAR. When that happens it is a good time to buy. Witness Dwight's entry point. However when the situation reverses, when the $$$ depreciates as a result of a continued negative balance of payments on a massive scale then gold will increase in $$$ terms. In other words the value of gold is tied to the value of the $$$ inversely. Second, the EUro and gold sales. The article speculates that European countries will sell gold reserves once the basis of the Euro is fixed. But until the Euro is a solid reserve currency, those central banks will have to continue to hold gold. So the article doesn't compute. ================= Gosh, I guess I'm able to read an article and understand it too --- not just post it, but post some analysis of it. So you get a D for posting the right article the second time, and an F for failing to post anything of substance with the article (I don't count the insult.)

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