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

To: re3 who wrote (58755)	9/23/2000 10:21:48 AM
From: Rarebird	Read Replies (1) \| Respond to of 116779

<Is it possible one day that gold could sell for $ 800 again yet cost more than that to produce? I'm fond of saying that the impossible is quite possible, but I don't think so in this case. The reason being that I don't see gold rising to $800 again unless the global economy moves into a severe recession. (A severe recession is a distinct possibility BTW during the next 4 years.) But the costs for producing Gold would come down in a recessionary environment as would the price of crude oil, heating oil and natural gas. The whole energy complex has risen quite dramatically partly because the global economy has recovered quite nicely since the Asian Crisis. As growth accelerates, the demand for energy also increases. It is all part of the economic cycle. Although I'm very bullish on equities moving forward into the election, I'm no fool. I know Bear Markets have not been repealed and the day of reckoning is yet to come. The "Clowns" will have their day in the sun when Clinton leaves office. PS I'm part "Clown" too. But I'm no long term prisoner to any ideology.