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

To: Zardoz who wrote (40774)	9/24/1999 5:50:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

<<But the S&P 500, Russells index and 30 yrs are a great investment opportunity.>> Ah there's the rub, Are not ABX,HM,NEM members of the S&P? & what's the PE of the S&P? Isn't that near the historic highs? The correct valuations of anything is determined by those who want it, rather than any baseless archaic numbers, if we are to believe the Wall Street bulls whom have been correct for the last few years. Seems a great many have (all of a sudden) found a reason to own more gold which is now driving the demand higher and the price up. As the demand in India is increasing with the growth of their population, seems the demand may well grow faster than the supply which by most indicators will in the future come again from mines not the Central Banks. After Y2k, what then many ask? I think the most recent demand is as related to as much republican Vs democrats here in the US as anything else, & that will not change until after the next election.