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

To: goldsheet who wrote (51417)	4/13/2000 9:03:00 PM
From: Archie Meeties	Respond to of 116761

Bob, There is so much gold above ground right now that no gold bull can make a case for gold based on supply/demand imbalances. To do that, you'd have to talk about silver. The only case for gold is along the lines of dollar devaluation and/or inflation. In other words, only changes in the currency we denominate gold in can change the price of gold. The value of gold may not change in another decade - it likely will go down - but a rise in it's dollar price is likely, IMO. Stated another way, do you think foreign nations will continue to buy expensive dollars? The answer is 'yes' only if faith in the US markets/dollar is sustained. Once it is clearly felt that this is not the best place for investment, or the most stable currency, then, in DS's words, POOF! When you look at this graph, bear in mind that the low crude prices of 98 are directly the result of a data error by the IEA - a massive error of 100's of millions of barrels of crude which has now disappeared into phantom tankers, lost at sea. Paper barrels artificially depressed crude. csf.colorado.edu

To: goldsheet who wrote (51417)	4/14/2000 12:13:00 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 116761

<Fundamentally, there is just too much available supply. > As of Aug 1, 1970, Gold window was closed. As I read <It's not the forward sales or central banks, it continues to be primary mine production> I take it you are talking about the price of Gold. I think you are wrong, the way I look at it. Gold price is market Psychology. plain and simple. Its collective Greed or Fear. That's the only way I play the market. currently I am speculating on FEAR, that's it in a nut shell. real simple if you get it right, time will tell. XXXXXXXXXXX I am trying to decide on Silver , what makes that tick. maybe that is emotional also. any way, as I posted before, if that Guy is right on Gold going to 390 this spring. I will join his option service.

To: goldsheet who wrote (51417)	4/14/2000 3:41:00 AM
From: Alex	Read Replies (2) \| Respond to of 116761

<<Fundamentally, there is just too much available supply.>> To me the question is - is the supply of gold increasing at a faster or slower rate than the supply of greenbacks? What is the ratio of these now compared to the historical ratio? It may serve some to talk up the supply of gold, but you have to ask the question - as compared to what? Nothing operates in a vacuum, and gold is rarer today than it has ever been, IMO, as compared to fiat.