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

To: Ken Benes who wrote (59346)	10/4/2000 12:55:26 PM
From: long-gone	Read Replies (1) \| Respond to of 116760

<< I believe there is awild card in the situation, the democrats winning the white house and taking control of congress. This will unnerve the markets as the unchecked ambitions of one party may result in the spending of a lot of the surplus. Currently, the large surpluses are offsetting the large trade gap. Should those surpluses become suspect, there will be an impact on the dollar. What a fall in the dollar will mean for the pog, it is difficult to say because of the the negatives surround the gold market. I firmly believe it will take a crisis of panic proportions to cause a flight to gold and a meaningful rise in the pog.>> No, If there is a Democrats running both houses & the White house, they will simply sell the US Reserves. $80 gold, 15 XAU. Then when that is gone & the money spent "The Rally" can really come!

To: Ken Benes who wrote (59346)	10/4/2000 1:02:55 PM
From: Rarebird	Respond to of 116760

That's a good point. When Clinton got elected in 92, with a Democratic Congress, Gold did enter a Bull Market in 93. But the equity market was still modestly higher. There are a lot of Conservative Democrats down South who basically vote with the Republicans though. I just don't see a Democratic landslide in Congress to spook Wall Street. PS Wall Street would flip out if Gore was left unchecked.