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

To: Richard Mazzarella who wrote (43873)	10/26/1999 12:57:00 PM
From: Giraffe	Read Replies (2) \| Respond to of 116764

>> gold is correctly priced between $280-300/oz. The ONLY way to make money here is to trade the gyrations, it's that simple. If working through the meaning of life is the objective, study the gold market, but if one wants to make money, trade it! << Personally (if I had to choose) I'd take the meaning of life over making money. Fortunately I don't think the two are mutually exclusive. However, your point is well-taken, that today's price is exactly what it should be. Thinking otherwise is madness. And yes, playing the gyrations is the way to go. Over the past couple of years we've had an anomaly of gold gyrating below 320 rather than around +/- $360 (where it has spent much of the past 15 or 20 years). Maybe this is the norm and the previous 15 years were an aberration. Maybe the Dow 'belongs' over 10k. I don't think anyone knows for sure. You just use your best judgement and try and play the market as carefully as you can.