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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (52097)9/29/1999 9:54:00 AM
From: articwarrior  Read Replies (1) | Respond to of 95453
 
If we turn back the clock 5 - 10 years I would agree with you on Gold, however gold as a base for currency is fast being replaced.. The supply situation in gold is not that bad and if the USSR decides to open their gold gates again well you know the result of the last time they did. This is a likely scenario for Russia as their economy is in very sad shape and a quick way to recoup.
I wish you well in gold my friend as I hope oil keeps pumping but what can I say gold is heavy and gravity will win as soon as the stock scare and BEAR forever folks start to disappear. I hope gold rallies again and I will be the first to short the gold stocks.

Good Trading

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