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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Don Green who wrote (18973)	9/15/1998 8:33:00 PM
From: Mark Bartlett	Read Replies (2) of 116764

Don, << This situation didn't just happen, why hasn't Gold been increasing in value over the last year as things have gotten worse.?>> That is easy - the average investor for the last few years is just throwing money at the market with little regard to the world's mess - mostly because of the "everything's rosy" BS being fed to them by those that control the media and their brokerage accounts. All you need to do is talk to a few of them - they have not got a clue about what is going on in the rest of the world. Do you think it is an accident that every time gold looks like it will rebound a little, a plethora of anti-gold stuff comes over the airwaves. This stuff is planned and executed with little regard to the real economic conditions. As far as I can determine, things look lousy on the international economic front. By the time many people come to grips with this fact, it will be too late. There is absolutely NO, NADA, ZIPPO, reason for the stock market to continue up - it got much higher than it should have gotten. Companies need markets to sell their goods, to make profits - and with just about every significant international market outside of N/A going into the toilet - those markets are drying up. Maybe it has not looked too bad thus far - but I look forward to earnings 1stQ 99 .... I think that will start to tell the tale of the tape. Also ..as was indicated before - if your thesis is that nobody has made money in PM's in the last 18 years because the "trend" is down - then you do not know much about the PM market. Those rises from mid 200's to 350+ have provided lots of opportunity to make mucho $$ - especially in the stocks. <<Do you think concerns in the world are worse now than they were just prior to the Gulf War??? >> Economically, much worse. Gold is not just something people buy because war may be on the horizon - they buy it when they lose faith in paper currencies. Thus far the US$ has been the safe haven but Greenspan has just recently said the US is not an economic oasis .... when the reality of that sinks in - things will change. If there is no other "safe" currency haven at that time - gold's day will have come. MB

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