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

To: LLCF who wrote (49680)	2/27/2000 8:15:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116790

<Well, I don't see Greenspan or any other fed gov sitting on his hands if things get as nasty... they'll be throwing $ out the window.> Sure, they will start radically easing, which would bring a sigh of welcome relief for the XAU. A very nice rally would ensue. <don't know of a time when a recession or worse would be less welcome than now [or near future] from a standpoint of damage done to the individual: due to a debt, exposure to the stock market, etc. Companies: So late in the economic cycle... "every one HAS a new car" and can't afford to keep spending> GDP was at 6.9% last quarter. If the Dow and S@P keep on falling, it has to eventually spill over to the information age stocks. After all, who do they sell their products and services to? How great a decline in Nasdaq brings about the kind of damage your talking about? 50%? If the damage ever became as great as you say, then the Fed would have to ease radically over a very long extended period of time. Boy would the XAU love that! The Market is still betting on a soft landing. A soft landing is not good for Gold over the intermediate or long term. Gold needs a recession, a declining dollar.