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


To: GST who wrote (51026)4/2/2000 10:56:00 AM
From: LLCF  Respond to of 116764
 
< A decline in US financial asset prices can become a nasty reversal. There are alternatives -- shudder to think of it -- even gold.>

Yes, that's why I'm here, eh? Still money supply has increased since the war and everyone has been sounding your cry since then no? On the other hand gold is up substantially in that period.

My point is what's going to cause the panic you describe above [the nasty reversal]? My experience is that these economists making these predictions are eventually right, their timing is terrible. Still you have to wonder, those calling for the dollars demise over the years have been horribly wrong, why is chicken little right now? Any clue?

<remember when dollar wasn't always that strong, '98 etc>

Yea, and the dollar rebounded resulting in net net gold doing squat!

DAK