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

To: getanewlife who wrote (60305)	10/28/2000 7:24:05 PM
From: Rarebird	Read Replies (1) \| Respond to of 116927

The strength or weakness of a Nations Currency reflects the strength or weakness of that Nation's economy vis-a-vis the economies of its trading partners. Growth is rapidly decelerating in the US, in case you or anyone else have not noticed. Greenspan will need to start easing radically over the next 6 months or growth will most likely turn negative. The result of Greenspan lowering rates will produce downward pressure on the dollar and upward pressure on Gold, which trades inversely to the US Dollar. That is basic, like 1+1=3.<ggg> George Cole asked Hutch on Friday if the 20+ Year Bear Market in Gold was over. That question is absurd because no one knows the answer to that question at this point. That depends partly on how severe the hard landing is and how long it lasts. The more Greenspan needs to lower the Fed Funds and Discount Rate, the higher the POG will rise. The Gold Stocks are highly interest rate sensitive. In more ways than one, the Gold stocks are at the mercy of the Fed. The danger for Gold IMHO, is that as the global economy turns turn, the European and Asian economies will get hit much worse than the US economy and that will result in an even higher dollar and lower Gold price. That's the risk here. Don't think I'm not aware of that. It is important to question one's principles at all times, in contrast to many on GPM and SI. Learning is my God and Education is my Religion and I worship the Question Mark as my God. I say this because this points towards my highest values. I do Question the Question Mark, however, and that is why I am religiously and financially tolerant of other points of view, as long as there is genuine reasoning and logical analysis involved. I urge everyone to think for themselves. Nothing great in the Universe happens without the Passion of Thinking. Human Imagination is the Bridge between the Finite and the Infinite, the sensible and super-sensible. PS I am ignorant.

To: getanewlife who wrote (60305)	10/28/2000 8:00:11 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116927

US dollar has replaced gold only as long as the dollar bull continues. Once the dollar bull turns into dollar bear as seeems very close now, gold will again glitter. The dollar was very strong in the early 1980s and gold got trashed as expected. But when the dollar plunged between 1985 and 1987 gold took off -- going from $280 to $500 within 2 years.

To: getanewlife who wrote (60305)	10/28/2000 11:36:15 PM
From: long-gone	Read Replies (1) \| Respond to of 116927

<<Bob Brinker just answered a caller on his show that he has been bearish on gold for 18 years and he does not understand why anyone would sue the central banks for manipulating the POG. He said that USD has replaced gold as a currency. What is your take on this? >> Most here agree that the price of gold has been manipulated. Many disagree about: if the price manipulation is right or wrong, who is involved in the manipulation(is it a conspiracy) , the direction and or degree of the manipulation, but very few fail to see Some Level of manipulation! Bob Brinker is well followed. If you wanted to strike a message into the investing public would you skip his programe?

To: getanewlife who wrote (60305)	10/29/2000 1:37:05 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 116927

re: Brinker's comment on the US Dollar replacing Gold... Brinker "was" right... "was" as in the past-tense of "is"... It is the inevitable fall of King Dollar that will return Gold to the forefront. It is the unsustainabilty of King Dollar that assure's it's "inevitable" fall & it is that fall that assure's Gold's rise. King Dollar is allready creating Global Stress Fractures & once again - the coming repatriation of OPEC Petro-Dollars is the key. Crude Oil prices will contract dramatically, both from the slowing US demand/GDP growth & OPEC production adds; as well as a natural technical price correction and the dramatic increase in non-opec drilling that we saw post the 1998 exploration/drilling infrastructure collapse with $10 Oil. The Arabs allways have and obviously must and will; hedge the simultaneous COLLAPSE of their net receivable - ie: a simultaneous falling/correcting US Dollar & Crude Oil prices. - they will & allways have; went to Gold and that they will also go to the Euro, or other Euro-currencies (Swiss/French Franc, DM, Pound etc) is inevitable; as is their repatriation from the US debt & equity markets. The post mortem of the XAU here of late; was built upon nothing more than the final throes of tax loss selling along with some savy & well times shorts leaning on the sector for some easy money ; taking the XAU to new lows. A DCB here shortly imo; will add some stability and then we'll being to hear more talk of the potential of a secular Gold Bull appearing here.... PS Greenspans continual & sublte warnings about reforms to address a major US Bank Failure; as well as his warnings about the derivative issues should be heeded... another LTC around the corner ? ... the "Mother of all Short Squeezes" looms somewhere in the future upon the next LTCesque crisis if, or perhaps more correctly - "when" seen; as the Gold Derivative Short Squeeze if/when unwound by a Global Crisis/Event - will surely be something to see ~ and that Petro-Dollar exodus from King Dollar & the US debt & equity market is coming... PS S: << "...Herve Ferhani, head of foreign exchange with the Bank of France. While discussing the role of gold as a reserve asset, Ferhani said gold may be the "only" risk free asset. Despite its de-monetization, apparently some bankers still feel gold is real money. >> ..."risk free asset" - remember that term ~ and ask yourselves; if those Arab Petro-Dollar Shiek's are going to want any more Priceline.com, or some of the corporate debt that Bill Gross of Pimco has been talking so "glowingly" about of late... (ROFLMAO~). ...the writing is on the wall; for anyone willing to read it & act upon it.