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

To: d:oug who wrote (57165)	8/9/2000 6:53:23 PM
From: long-gone	Read Replies (1) \| Respond to of 116995

Manipulation is always loudest before the failure!

To: d:oug who wrote (57165)	8/9/2000 7:08:46 PM
From: Zardoz	Read Replies (1) \| Respond to of 116995

Doug: Barrie Walsh, a Canadian school teacher; is wrong to be buying gold stocks for many more reasons then suggesting manipulation and running for the savor of GATA. He's depending on unreliable guesstimates of short positions, and archaic analysis of pricing power and spending costs structures. Barrie neglected monetary effects and growth rates in his reasoning for gold/stocks climb and suggest inflation is rampant. As a Canadian speculating in gold stocks he should realize that any increase in the POG would likely be correlated well with a rise in Canadian dollar versus other G7 countries excluding USA. And thus any US holders of the Equity will diminish his returns as the POG and CDN dollar rises and US investors sell on marginal increases in USA side gold equities. So his purchases of gold stocks is best waited until the CAD begins a rise in correlation to POG. His speculation of $600 US/TOz is suggestive of draconian economics and not likely to occur within present conditions. Upside in gold is limited to MAX $450 under extreme turmoil {Barring WAR} Reality suggests that at $270, gold is over valued. Inflation in USA is dropping dramatically. Less then 6 months ago it WAS around 5.2%. Now inflation is USA is around 3.7% and falling fast. Greenspan is effectively causing a hard landing, not a soft landing. If this hard landing {by further rate increases} is allowed to continue GOLD will have its' day. Truth lies in IF Greenspan raises again. The Dollar Index rise is systematic of US Growth. As long as growth is greater then future inflation then the Dollar will rise, and gold will fall. Hutch