Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rarebird who wrote (54519)	6/16/2000 1:56:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116837

I suspect that the subdued XAU reaction to higher POG will last longer than most think. You know the old saying "fool me once shame on you, fool me twice shame on me.". Well after being fooled many times gold stock investors finally have gotten wise. Time and again POG and gold stocks have rallied sharply only to collapse even faster. So gold stock investors are not going to bid gold stocks up very much until POG proves that it can go up and STAY UP. If POG should rally to Kaplan's target of $330 I doubt that the XAU will get anywhere near his objective of 100. 75-80 is more like it. But once gold proves that it can hold its gains for awhile (or most of them anyway) -- then we could see an explosive gold stock catchup rally similar to what we saw in oil stocks recently. But until gold proves that it can stay up, gold stock rallies probably will not be very impressive compared with earlier gold bull markets.

To: Rarebird who wrote (54519)	6/16/2000 2:01:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 116837

Recession proof...?? NO...my glasses are only a slide shade of Rose. 2002-2005 would be my guess. Do you expect us to go form fully employed to 10% unemployed in a 6 months?? Even a bear like You knows that will take time...

To: Rarebird who wrote (54519)	6/16/2000 3:35:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 116837

Since Rarebird has me on ignore, I'm theoretically not posting to him directly, but rather in general to his comments about recession. A Recession will force people to increase their savings and decrease their debt, and take money out of equities. There is ALREADY a significant amount of money sitting in money market accounts. Folks put money into retirement funds each and every month and that money must be invested somewhere. If not in equities, then in bonds. If not in either of the former, it will likely end up in money market accounts drawing 6-7%, which strengthens the dollar from what we can observe as a result of the Nasdaq correction in April. The Nasdaq declined, while the dollar soared. As for being recession proof, we certainly are not. However, with US growth having been so high over the past several years, one would think it would take more tightening that what we have seen thus far, to push the US economy over the brink into negative growth. In sum.. take the money out of equities and it will find itself put into the money market funds or bonds. There is a strong difference between money that people put into pension plans on a regular basis, and money that is just derived from discretionary spending sources.