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

To: long-gone who wrote (40387)	9/17/1999 10:18:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116762

Finally an understanding of what is happening in the gold market is beginning to be recognized here. Richard, you are absolutely right, if the y2k turns out to be a non event, the demand for gold will abate and there may be more supply hitting the market as the y2k hoard is disinvested. In addition, if the recovery in Asia continues and is not short circuited by y2k problems, there is a good chance that the equities market will continue to climb next year. There is an enormous amount of pent up demand in Asia for US technology products ranging from computers to telecommunications. This demand will offset a slowing of the US economy and provide better footing for the world markets. This scenario may not unfold, however, I believe it has a much better chance of becoming reality rather than the catastrophic sell off in markets as a result of the new millenium. Ken