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

To: Alex who wrote (60709)	11/9/2000 9:31:18 PM
From: Roebear	Read Replies (1) \| Respond to of 116764

Alex, First off, apologies to the thread. I meant my post as sarcastic humor but failed to make that sufficiently plain. I use my own handle shamelessly, ggg, for example, simply because it has been my own for quite a long time on a number of forums over the years. The ole cyberhandle has even taken on a bit of reality, as some folks who know me and read my posts call me ROEBEAR in the real world. It is, after all, a phonetic variation of my "real" name. I was serious about gold positions being the contrarian position of a lifetime. The risks are relatively low price wise, a drop to 250 would nearly guarantee a rally. Sentiment is very poor, though this is an observation and I have no hard figures at this point (I would love to hear some). Finally, it would appear that fundamentals would indicate a rally is likely sometime after tax selling and a decent base forming on the charts. I believe all understand the potential rewards possible if POG does rally. OTOH, in the risk department, gold and gold equities are to a degree a bet against the world monetary systems. And so far that monetary system seems very resilent, though the current dollar valuation is causing it distress. There is a reason and agenda behind this I believe, and would love to hear comments from anyone with an opinion on that. From another angle, from having witnessed and traded the oil bottom, bottoms have a way of going beyond belief in equity valuations. This is where the reward becomes substantial, but one has to survive the bottom downside to participate in the upside. Have we been "shook out" enough here yet??? Best Regards, Roebear