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

To: Ken Benes who wrote (60130)	10/25/2000 12:11:58 PM
From: Rarebird	Respond to of 116815

<I cannot envision either company rising above 15.> The only way the demand for Gold can outstrip the supply is by a decline in the US dollar. Otherwise the shorts will dominate this market. The economic conditions are in the early stages of deterioration which have to cause the dollar to eventually decline dramatically from these levels. Greenspan will have to address this and lower rates. That's good for the gold stocks. Sure, the gold stocks could fall another 25%. No question about that. But supply/demand in the gold market is primarily a Currency issue. I view Gold as 90-95% Currency and 5-10% Commodity. ABX and PDG will see prices well over $15 in 2001 IMO. PS PDG is a bargain at these levels.