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

To: Hawkmoon who wrote (54064)	6/12/2000 12:40:00 AM
From: LLCF	Read Replies (1) \| Respond to of 116762

<Did you read my entire post David?> Uh, yea... it's not exactly a phd thesis: Message 13865542 <Is it not possible that gold was in a massive bubble, for which it has yet to find its bottom?> No, it's 15-20 years later... in fact if you look at what the funds own, that is not a possibility IMO. <And just because you think investors will go for gold stocks does not make it so.> That's correct... but I believe a rational person looking at panic's in the past [which is what I am expecting] would come to the same conclusion. In fact looking at the hicup last fall one finds backup data for that assertion IMO. <People just don't see gold as the best investment right now. Especially with all of the new technological innovation go on at the moment. Bubbles grow, then burst, and the money flow elsewhere to form a new bubble.> Yes, backing up my assertion that no one is in gold. Often returns are affected by % changes in money flow, not the outright amount. If even a small amount of peoples investments started to go into gold there are many several baggers out there. <I'm sorry that the "bubble" you would like to create in the gold market will likely just have to wait a little bit longer.> Don't need one... that would be the grandslam of all time of univeral proportions. All I need is a trickle to hit a several bagger. DAK

To: Hawkmoon who wrote (54064)	6/12/2000 3:03:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 116762

>>>>Is it not possible that gold was in a massive bubble<<< yep, but that was 20 years ago >>>>for which it has yet to find its bottom?<<<< I could make an argument for a momentum bottom during the Asian crisis, when many, if not most commodities were selling at washout prices, not seen since the great depression (and so far the price low of the xau in this cycle down from 96). >>>>However, when I see BEARX or the Rydex Ultra-Bear fund being commonly offered in corporate 401K plans and by IRA managers, then I'll grant you gold may be set to rise again.<<< this money won't be necessary to make a large move the diminutive market cap - gold complex. >>>>People just don't see gold as the best investment right now.<<<< The crowd is always wrong at the top or the bottom, have we seen the bottom, hell if i know -g- Because of the gold market manipulation, it is the last commodity to break out, but when it gets loose, you want to be ahead of the crowd, so they can mark up your shares. I got a kick from this guy who did a write-up on GOLD, HGMCY, DROOY on Gold-eagle. GOLD is my largest holding and he was saying how all the daytraders would be watching GOLD GOLD GOLD GOLD, running by on the ticker and all those daytraders mindlessly clicking buy GOLD -g- BTW it's doing it today -gg- The constant $ price of OIL made a five wave move from 1970 into the 1980 top and now has what looks like an ABC correction into the asia crisis, low, for constant $ oil to get back to the 1980 peak, it will have to go to $50 bucks, just manage by walking around and look at all the gas guzzlers on the highway. If we have seen a major cyclic low in commodities, we should see those higher prices eventually in oil, and gold, and the cyclic turn from paper assets, which blew off in the manic top in the nasdaq in march, to hard assets. b

To: Hawkmoon who wrote (54064)	6/12/2000 5:03:00 PM
From: Roebear	Read Replies (1) \| Respond to of 116762

Ron, I just want to thank you for that bearish post on gold. I was a bit worried that people would get excited about gold and gold stocks. I'm not ready for that yet, and thankfully, your post helped assuage that. Now, I'm off to buy some coin not made of base metals, but, even worse, that worthless yellow and white stuff. Just for fun! First time in nearly three decades, BTW... VBG, Roebear