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

To: Alex who wrote (49222)	2/17/2000 10:22:00 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 117016

Maybe it's starting, nice article on gold. different, bloomberg.com Maybe the young gold bull's horns are getting bigger. XXXXXXXXXXXXXXX Start of article, Three Gold Stocks to Consider By John Dorfman (John Dorfman is president of Dorfman Investments in Boston. His opinions don't reflect those of Bloomberg News. His firm or its clients may own or trade investments discussed in this column.) Boston, Feb. 15 (Bloomberg) -- A friend of mine in Denver -- an oil man with good connections in the mining industry -- told me a couple of weeks ago that he is buying a few gold stocks. I haven't owned a gold stock since approximately the time Noah built his ark. But with gold's price up 19 percent since late August, today I bought three. There are a few reasons. First, gold stocks usually hold up well in stock-market declines, and I expect most stocks to decline about 15 percent in the first half of this year. (The drop may already have begun.) Second, gold stocks in recent decades have done well when people are scared about inflation. Since August, the U.S. Future Inflation Gauge published by the Economic Cycle Research Institute has been soaring. Third, gold stocks have performed so poorly in recent years that they are disdained or ignored by most investors. That makes them ripe for a comeback.