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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: long-gone who wrote (14665)	7/19/1998 12:28:00 PM
From: James R. Barrett	Read Replies (3) of 116762

>>"That might seem a futile exercise at a time when resources ranging from gold to oil are in the cellar. But,eventually a small commodity holding could prove a lifesaver."<< Everybody "needs" oil. Nobody "needs" gold. Comparing gold to oil or copper is like comparing caviar to bread. I own gold and oil stocks and I have a lot more confidence that my oil stocks will be up 50% in the next 12 months than I do my gold stocks. I wouldn't be a bit surprised to see the POG still around $300 eighteen months from now. Oil, copper, aluminum etc. are much better hedges against inflation than gold. When the super rich start decorating their houses with gold like they did in the 19th century then we might see the POG hit $600 again. JMHO Jim

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