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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.07+0.7%Jan 16 4:00 PM EST
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To: Jim Ilchyshn who wrote (28298)2/15/1999 1:10:00 PM
From: Hawkmoon  Read Replies (1) of 116874
 
I would rather have all gold than all stocks right now. If you really believe in buying low and selling high - you first have to buy low.

Agreed Jim,

Big cap stocks are frightening at current valuations. In fact, we might actually need a little inflation in the economy so that smaller companies would have a measure of pricing power as they did some years back.

Personally, I believe Y2K is going to skew and corrupt a lot of economic analysis. As large companies prepare for 2000, they are beginning to accumulate more parts and components to increase their inventory. This is movement away from Just-in-Time manufacturing
and should help the small business sector throughout the remainder of the year.

And people may accumulate more gold in preparation for 2000 as well. But unlike most other markets the gold market is completely at the mercy of the CBs who always hold the their gold reserves like a "sword of damocles" above the precious metal holders. They may sell gold to meet demand for physical gold and take pressure off of their currencies from an increase in the price of gold.

Jim, I want to understand what impacts gold in the real economy, not the fantasylands proposed by those who choose to replace reality with their delusions or religious/pseudo-patriotic beliefs in gold as some form of currency manifested by God Almighty himself.

Is that too much to ask for??

Regards,

Ron

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