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

To: long-gone who wrote (59857)	10/17/2000 9:17:04 AM
From: Ken Benes	Respond to of 116762

And with the producers in such a state of disaray, that there managerial responses to a low price of gold is nothing less than pathetic. A rush to production with no where to go but down. Ken

To: long-gone who wrote (59857)	10/17/2000 10:10:52 AM
From: Rarebird	Read Replies (2) \| Respond to of 116762

<Why, now, should anyone buy gold with the Euro headed lower in the shorter term?> I didn't say that. But the Gold stocks are much closer to a buy than a sell here. The whole point of investing is to buy low and sell high. It's true that the gold mining industry is in shambles here. But as gold stocks continue to head lower, people should think of buying rather than selling the survivors in the group. Yes, there will be survivors in the group who will rally strongly someday. I never understood why people become more bearish as prices fall and more bullish as prices surge?

To: long-gone who wrote (59857)	10/17/2000 11:11:04 AM
From: Mike M2	Read Replies (1) \| Respond to of 116762

Long gone, some interesting analysis on the euro's weakness from Dr. Richebacher dailyreckoning.com In his oct. letter Dr. R also notes that " the biggest single item among recorded U.S. capital inflows is ,in fact, borrowing by corporations and federally sponsored agency ( GSE) bonds. And their borrowing effectively implies the conversion of euros into dollars. together they amounted to $255 billion in 1999 and $71.7 billion for 1Q2000" . The Richebacher Letter 1217 St. Paul St Baltimore, MD 21202 Mike