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

To: Todd J. who wrote (42239)	10/6/1999 7:39:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 116871

looks like about $320 right now...fading a little overnight.

To: Todd J. who wrote (42239)	10/6/1999 12:55:00 PM
From: Hoa Nguyen	Respond to of 116871

>Gold has held its ground over night...when will it correct? Can't >keep moving up...can it?... I think it can. I bought a Gold fund 2 months ago, and plan to hold on until past new year. My reasoning for buying were: 1. The Y2K problem may be well taken care of in the US, but in the rest of the world it's not. There may be a run on foreign banks as it nears, and where do people put the money they take out of the banks? Gold. 2. Historically, whenever there is a turn over of the century or millennium, there has been a pattern of hoarding. I know the new century and millennium technically arrives in 2001, but a lot of people thinks it's 2000, and while life is now much more technologically advanced in the US and some other places, there are a lot of places in the world where I expect this pattern to repeat, which will also drive up the price of gold. The coincidence of the turn of the century/millennium and the Y2K problem will make the result worse than either one alone. I am happy that the price of gold has risen in the past couple of months by reasons other than mine, but I continue to think that my reasoning is still valid and the effects just haven't kicked in yet. Therefore, I'm continuing to hold. I am hoping for a doubling. Hoa