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

To: GST who wrote (51559)	4/16/2000 1:00:00 AM
From: Rarebird	Read Replies (3) \| Respond to of 116764

The number of Comex gold warehouse stocks has more than doubled over the last few months. What is bullish about that? Actually, your view that gold is primarily a commodity plays right into the ultra bearish argument that gold should be valued merely as a commodity based on supply/demand and not subject to exchange rates like any other currency. As a currency, a good argument can be made for a much higher gold price based on monetary policy, exchange rates and a more favorable economic environment where growth wanes. Those factors aren't exactly very bullish for gold either at the moment; but they can turn in gold's favor and support a higher gold price and transform the bearish supply/demand situation into a bullish one. The gold currency is the vital basis which moves the commodity. The supply/demand factor is determined from the movement in the currency. Some of the Gold bears are smart: They know that if you can eliminate Gold's primary function as a currency, then you have taken away its power. But that is impossible in spite of Central Bank Selling. Some day the Gold Bugs will realize that.