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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Andrew G. who wrote (296)	10/27/2000 1:31:53 PM
From: Claude Cormier	Respond to of 74559

>BTW, anyone feel that gold is cheap right now or feel that Euro has bottomed ? > A retest of the $250-$252 level is very possible, but don'expect gold to go much lower and get ready for $325-$350++ in the next 6 months. Its time to go long the mining companies where gains of a few hundred % will be made, especially in the junior camp.

To: Andrew G. who wrote (296)	10/28/2000 3:42:17 PM
From: nihil	Read Replies (1) \| Respond to of 74559

I cannot imagine that gold has any future at all. The central banks which have huge stocks are trying to restrict the decline but all want to get rid of their stocks. They are "distributing gold," not dumping it. So I foresee a long slow decline in the price of gold. There will be some increase in industrial demand as gold spirals down, but it has no real use as a store of value. There will be ups and downs, but anyone can hold wealth in a form that has a positive return, instead of costing money to store and protect. If one wants to hold metal, the best bets I can see are platinum and palladium. They have a brilliant industrial future. And, given their long-term upward bias, are more likely to become ornaments and stores of wealth. Gold is very pretty, but the stocks are far too large to permit an increasing trend in price as it is abandoned for monetary reserves. Platinum and palladium stocks are pitifully small.

To: Andrew G. who wrote (296)	10/28/2000 4:28:05 PM
From: james paterson	Respond to of 74559

"BTW, anyone feel that gold is cheap right now or feel that Euro has bottomed?" IMO, the POG is much closer to a bottom than a top, & the same applies to the euro. AU stocks are not a sure bet here but I think the risk/reward is very favourable. Many investors don't realize that AU has performed quite well recently in almost every currency except the USD. When the USD turns down as it must eventually AU will shine once again. All IMVHO, of course. The key is to buy au stocks that can withstand these low au prices & even much lower prices for an extended period of time. ABX & FN.T are 2 that I hold & they will be around to pick up the pieces if things get even uglier. James