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

To: goldsnow who wrote (51497)	4/14/2000 8:52:00 PM
From: Ahda	Read Replies (2) \| Respond to of 116759

Well we will know if lemmings run this all on monday . The janitors in LA are in for in for a hell of a rough time. poof poof Abby Joseph Cohen optimistic in wake of sell-off NEW YORK, April 14 (Reuters) - Speaking after the U.S. stocks suffered their biggest one-day point loss ever on Friday, top investment strategist Abby Joseph Cohen struck an optimistic tone and said equity prices are likely to rise from current levels. Speaking on CNBC, the Goldman Sachs (NYSE:GS - news) analyst said the U.S. economic expansion is ``far from over' and forecast that corporate profits will still go up. ``I think what we have seen (today) is very much a market event rather than an economic event,' Cohen said. ``As we take a look at out expectations for earnings, economic growth and so on, really nothing has changed over the past two weeks.' Cohen, who depressed stock prices recently by trimming the proportion of assets she advises clients to keep in stocks, said corporate earnings reports may provide investors with comfort. ``To the extent that the market is now lower, we think that there's a higher price appreciation likely from current levels.' Cohen said companies in the financial services, pharmaceuticals and global cyclical sectors offer good potential buys.

To: goldsnow who wrote (51497)	4/14/2000 10:59:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116759

Well, Let's see...With taxes and inflation eating-up the value of the dollar sitting duck in CD's and bonds...perhap What???!!! How do taxes impact any quantity of money I might have sitting in my bank account? The only thing impacted by taxes is the income I derive from interest collected on my savings. And I suppose if I was possessed a huge quantity of gold, I would collect NOTHING (unless I had enough to lease to others at 4-5% for their speculative purposes). But were it to appreciate in value, I would still have to pay capital gains tax on any increased value derived upon sale. And besides, there are inflation indexed bonds that will provide a FAR BETTER return than gold. And money will go there rather than a relatively illiquid metals market. Call me naieve if you wish, but the creation of inflation indexed bonds spelled the death knell of gold as the inflation hedge it once was. I still submit that gold is only valuable in times great uncertainty such as catastrophes and conflict. And what we saw this week equates to neither. Regards, Ron