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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: seminole who wrote (75210)	10/1/2000 11:44:41 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Gold Bugs die broke" ???? Richard dean bagnell.... ? I am far, far from being a "Gold Bug" - more like a 7 year locust actually; - in reference to Gold's longer & near perfect 7 year cycle. It seems that most people who find the entire subject & historic relationship that Gold has to currencies, oil, economies, commodities etc too vast; find it easy to capsulize their intellectual inefficiencies by throwing out that euphemism - "Gold Bug". Actually; I'll wear that hat proudly here; but Gold, just like Oil is a "vehicle" in which to make money - it is not a political statement, or a way of life. Actually; how anyone with more than a 3 minute attention span can look at the cyclical history of Gold - given the 3 major appreciation cycles that Gold has had in just the last 20 years - in nearly a perfect 7 year cycle; rallies in 1977-79; 1985-87; 1992-93 (when the XAU doubled in 1993); the present valuation multiples of the Gold & PM Mining stocks, the state of the Global Economies, currencies, the price of Oil and the present historic Equity Market Bubble valuation multiples and ignore Gold here; today ? - this mystifies me ? - throw in one factor NEVER before found in prior Gold Rallies - the unprecedented Gold Derivative Short positions and this will be the "mother of all Gold up-cycles" imo and it's "when - not if"... As in all things; we soon shall see ~