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

To: Hawkmoon who wrote (49684)	2/27/2000 12:43:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

You got a very wrong strategy...For a simple reason, you have been indoctrinated by buy on dips doctrine...No one knows whether sell-off is the start of the very unpleasant things to come....but Market does not think in the same terms as Ron, "stocks are sold so Ron can grab a quick dollar"....As for Gold/Mining shares....You have choosen to ignore all signs that lead to the new bull cycle..Most important-sentiment should be at the bottom...(Remember Pharmaceutical before Hillary Clinton's health debacle-that was bottom)..Than you ignore EU Gold statement, collapse of Hedging...., collapse of exploration...and Finally you ignore the most obvious Market correctly forecasted No Inflation/Boom on the way up, so it does on the way down...Oil is $30, not $10 for a very good reason...Consumption, rather rise in consumption in Asia is so strong, that you got to be buying Gold just out of the curiosity, otherwise you end-up with no place to put your money, but Banks..(that is CD's)<G>

To: Hawkmoon who wrote (49684)	2/27/2000 12:49:00 PM
From: Ahda	Read Replies (2) \| Respond to of 116764

Richard you are lecturing Allan and he is a teacher i am laughing. i kind of think you are wrong about inflation i don't think Mr. Greenspan can halt it now he is creating it in property; You are seeing fewer homes for sale and more people who are going to buy will due to the increase in rates. We are at this point now buyers exceed sellers. Ideally all will stop now and Asia will continue to assist us product wise . But oil has gone up it in there and not counted. We assume the technology we are creating will build a better world for others this means an increase in their living standard. This translates into a higher price for us to pay which reduces inflationary pressure here. It also translates into more faith in home nations which reduces investment here. I feel it is going to be very difficult to judge just how much to raise rates. Later cycle Big ticket items like houses require qualify for loan and at some point the interest rate is too high at this point property will decrease to adjust I wonder however because of tax deductions and equity loans exactly what will happen. Due to the rise in property yon could of got an equity loan sold the house now with the equity close to covered. Older people older who own homes can end up with a bigger equity loan than value so i guess the savings and loans lose. There are to many US dollars floating out there Richard no matter how you look at it. Have a nice day Ron VBG