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

To: Rarebird who wrote (57673)	8/29/2000 12:36:04 AM
From: PaulM	Read Replies (1) \| Respond to of 116753

Rarebird, thanks for that take. Your perspective is worth a second thought for anyone planning to stay out of the stock market. Must say I never expected the NYSE to make new highs, which it did in the last couple of weeks. What frustrates me about the current environment is the seeming extreme importance of getting our investment decisions right as financial markets tower over the real economy. And because these markets create no real wealth, we are all playing a high stakes, zero sum game, whether we like it or not. If you decide to stay out of a stock market the fed is underwriting, not only do you not gain, you lose. So i'd actually like it if you placated me on the following: 1. Oil -- doesn't the lack of purchasing power resulting from higher oil prices offset the liquidity crated by Wall Street and the Fed? 2. See how volume peaked on the NYSE bigcharts.com And the NASDAQ bigcharts.com 3. And doesn't that NASDAQ chart look quite ugly? 4. Actually, maybe charts are irrelevant in a market dominated by political intervention rather than emotion? If so, the question seems to be with oil prices rising, and foreign central banks raising rates, will capital inflows continue to sustain the market?

To: Rarebird who wrote (57673)	8/29/2000 1:19:51 AM
From: P314159d	Read Replies (1) \| Respond to of 116753

Ok, RARE.You are calling for the short term top just as I am. we differ on semantics, I am neither Bull nor Bear and I intend to stay that way heretofore. Some negatives ahead for the market remain the high oil prices, the impending inflation revolving around the Natural Gas prices for the winter (mostly cold weather states) and the intrinsic UP move in CPI still points higher for the winter ( reversal is necessary there). Now given the fed is on the sidelines, I still maintain a cautious eye toward gold to see if doesn't break to new lows. I have a small hedge with Barrick and would move aggressive if Gold can put in a bottom in this area, otherwise, you are right on the metal. I always expect the unusual in that area. Also, you point out a GORE win, if BUSH wins, it is perceived as inflationary given his take on tax cuts which push against the fed.. Gold might like that.