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Gold/Mining/Energy : Barrick Gold (ABX)

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To: ahhaha who wrote (1048)	3/26/1999 2:16:00 PM
From: Lucretius	Read Replies (1) of 3558

I agree w/ that entire post, but disagree on the timing. Historically (pre-1987 when Easy Al and other central bankers began to make it a priority to push gold down thru selling and lending) Gold ALWAYS lead commodities up by about 6 months. for instance, when gold topped in 1980, commodities topped out abnout 7 months later (gold had lead them up too).. like I said though, it doesn't really matter, (except for missing the first move up if I am right) gold will rise. I think you are using too recent of history to judge gold. The central banks of the world have been keeping it in a box for a while thru lending and selling. hedge funds caught onto this game in 1995 and began shorting it.. and now we are where we are today w// an enormous short position and most central banks of the owrld (including the Fed) holding almost no gold. best of luck.

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