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

To: long-gone who wrote (58931)	9/26/2000 4:04:01 PM
From: lorne	Read Replies (1) \| Respond to of 116759

Macquarie says gold overvalued, could fall to US $250 per ounce London--Sept. 25--Gold is overvalued and could fall back to the U.S. $250 per ounce level, according to Macquarie Equities' weekly report released Monday. "There seems little likelihood of any real upside in gold prices (even with intervention to save the euro); physical demand is soft in key markets (India, Italy, the U.S. and China); and central banks are selling and lending at record levels and producers have reduced their hedging positions," it notes. (Story .13202) China may allow domestic physical gold trading in early 2001 Hong Kong--Sept. 25--The Chinese government is expected to allow physical gold trading in the domestic market early next year, the first time in more than 50 years, official sources in Beijing told BridgeNews. The government is likely to choose Shanghai or Beijing, or both cities, to operate a physical market that will provide the place and the trading system for gold trading, they said. (Story .12306) crbindex.com

To: long-gone who wrote (58931)	9/26/2000 7:05:19 PM
From: Rarebird	Read Replies (2) \| Respond to of 116759

A Bear Market in equities does not assure a bull market in gold. I have pointed this out a number of times on this thread. Historically speaking, Gold stocks more often than not do not buck the bear trend in equities. So, why are you looking for equities to tank? Aren't you assuming that Gold still functions as a safe haven? The dollar can soar in an equity bear market and the gold stocks could get hit worse than the broad market, which is exactly what has happened. I like the tremendous "wall of worry" that is being built up in the equity market. It bodes well for a very strong rally down the road. Yes, I support manipulation on behalf of lower energy markets. Free Markets only in Your Moral Fantasy Land. Can you tell me when we ever had Markets free of manipulation? Keep up the Moral Outrage. Personally, I find you to be a classic "gold bug" tragic comedy act. You should know by now where that will get you. Richard vs Human Destiny ='s long gone with the wind. I enjoy the heated conversation/dialogue.