At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: ahhaha who wrote (1383)	7/10/1998 8:06:00 AM
From: Vieserre	Read Replies (2) of 1911

Ahhaha I notice your post in passing and wish to make a quick reply. We appear a like in viewpoint. I have no interest in gold merely as a commodity - jewelry is a mature market - there is more than ample supply to meet that demand - and will not be a cause to propel gold to a significant degree. And as gold responds to general price, I am also not overly concerned of CB supply, selling and the like. I am more inclined to believe, as you apparently due, that recent global events are setting the stage for inflation, uncertainty, and great financial risk ( but hardly more so than being in gold the last few years : ) ) and that gold as a beneficiary will rise in anticipation of this when possibly least expected. . But it is not enough to be a contrarian, one have valid reasons for the contrarian position which I would like to examine in subsequent posts. . Presently, falling commodities, yield curve, and trend of the dollar portend a further decline in gold. And technically, the gold markets the last few days look heavier and seemingly growing tired of defending their base against relentless selling. Vieserre

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