Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: goldsheet who wrote (58950)	9/26/2000 11:41:58 PM
From: Rarebird	Read Replies (1) \| Respond to of 116759

A Global Bear Market does not necessarily mean that the Dollar will sell off. If such a scenario were to occur, the Dollar could become even more of a safe haven and soar to even greater heights. I don't know why "Gold Bugs" don't even consider that possibility? PS I can't imagine the European or Asian economies being stronger than the US economy in a global economic downturn.

To: goldsheet who wrote (58950)	9/27/2000 9:00:03 PM
From: CuriousGeorge	Respond to of 116759

But gold had been rising nicely, as well as the gold stocks, for about a year or more prior to the 87 stock crash. The gold stocks are now off 75%-90% (pick a number) since gold last saw $400. They may sell off initially as people raise cash for margin calls, or push the "SELL ALL" button. But with this MOMO mentality, and on-line trading, and the plethora of day traders, gold majors and juniors will behave like dotcoms when gold eventually rallies and makes some news. I still believe we are about a year away from $400 gold, but for all the reasons outlined on this GPM, when gold takes off ... it will be a moon shot. An inflation adjusted new high from 1980 @ $800 puts it close to $2000. Buying and holding todays over priced stocks is a recipe for disaster, IMHO. Buying and holding rare coins at this point in time seems like low risk. You'll have great fun trading gold stocks when they replace the dotcoms. Hypothetically, in a major gold bull, gold passing $1000, what do you figure a generic MS65 would go for. Apreciate your low key, thoughtful and factual POV. CG