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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (38951)	8/13/1999 12:27:00 PM
From: William Puget	Respond to of 116922

Dealers don't buy things as an investment. They buy is so that they can sell as quickly as possible for a profit (hopefully) . I personally think that this is very positive, but more important is that sentiment has changed to a more positive level. Bullish sentiment towards gold had doubled form its all time low of about 13% to around 27%. Still not great but its at least a start. Consumption of the actual metal and acquisition of the actual metal is continuing to be very strong. The price will go up - not today - not next year. I think its sooner than many people realize. Our dollar and our market are both over priced. The rest of the world and their economies is waking up to that. In this inflated market I can't imagine how anyone can borrow gold at 4% per MONTH and still make money. WP