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

To: re3 who wrote (49287)	2/18/2000 8:12:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116790

<so,do you think oil can be successfully 'wished down' to $ 20?> In contrast to Gold, which is primarily a currency, oil is a commodity. If OPEC continues to hold down production levels and Growth remains strong, OIL can trade around the $25-$30 level for a while before it works its way higher. In the financial markets, the question that pops up a lot is who is right: My idea of the market or the market. I've been accused of being an idealist; but actually I'm quite the opposite here as I think the Market is always right. I think it is usually a losing proposition to impose one's ideas on the Market. Sure it's great when you can identify a major change in trend, or point of inflection. I use the Cartesian Phenomenological approach: I place myself in the Void, in the Nothingness of the Night every evening and rid myself of all my biases about the Market and try to analyze it objectively and see what it is saying. It seems to be saying NDX 5000, with the Information Age Stocks leading the way.

To: re3 who wrote (49287)	2/18/2000 11:25:00 AM
From: long-gone	Respond to of 116790

OK AG has linked gold & oil.: Oil prices increased dramatically during 1999, fully reversing the declines in the previous two years. The average spot price for West Texas intermediate, the U.S. benchmark crude, more than doubled, from around $12 per barrel at the beginning of the year to more than $26 per barrel in December. This rebound in oil prices was driven by a combination of strengthening world demand and constrained world supply. The strong U.S. economy, combined with a recovery of economic activity abroad and a somewhat more normal weather pattern, led to a 2 percent increase in world oil consumption. Oil production, on the other hand, declined 2 percent, primarily because of reduced supplies from OPEC and other key producers. Starting last spring, OPEC consistently held production near targeted levels, in marked contrast to the widespread lack of compliance that characterized earlier agreements. So far this year, oil prices have risen further on speculation over a possible extension of current OPEC production targets and the onset of unexpectedly cold weather in key consuming regions. The price of gold fluctuated substantially in 1999. The price declined to near a twenty-year low of about $250 per ounce at mid-year as several central banks, including the Bank of England and the Swiss National Bank, announced plans to sell a sizable portion of their reserves. The September announcement that fifteen European central banks, including the two just mentioned, would limit their aggregate sales of bullion and curtail leasing activities, saw the price of gold briefly rise above $320 per ounce before turning down later in the year. Recently, the price has moved back up, to above $300 per ounce." biz.yahoo.com