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

To: BigBull who wrote (58607)	9/21/2000 3:25:10 PM
From: LLCF	Read Replies (1) \| Respond to of 116767

<I'm getting a real queasy feeling about this coming October. > I really thought something would have happend by now... major sell off in October seems so 'canned'. < What's your opinion about how gold would react in a general world stock market sell off? Think it would get trashed along with everything else or work as a safe haven?> I am bullish on gold for this and other reasons, one of which is that I don't think I've ever seen such an out of favor investment idea since starting such observations in 1981... and there have been plenty. But back to the fundamentals, I don't see any reason why it would necessarily 'take off' right away during a stock meltdown, maybe it even sells off some as folks just bail out of whatever to raise cash. In the scenario I see coming lots of entities [people, companies, etc] will need to pay off debts, so it's not a matter of selling one asset and piling into another, although certainly some of that should happen and perhaps gold will benefit right away.... I don't know. BUT, I feel very strongly that if we get a recession especially with stock meltdown the FED will provide plenty of money no matter what the cost. I don't believe that our country has the backbone to go through a tough debt payback period... inflating would make it easier on debtors. The rest seems obvious, a comprimised dollar and flight to other currencies including gold. Disclaimer: many don't see gold as a way to hold assets which would benefit from loss of confidence in the dollar, I disagree strongly although I do see how this could take time... ie. the first move would probably be into Euro and Yen, etc. DAK DAK