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To: GST who wrote (113630)	12/29/2000 3:18:12 AM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

<<I agree. But the last time we had anything like these conditions was ??? >> Umm, two and a half weeks ago..... ??? Then, uh two weeks before that..... And there was the time in Novemebr when all hell was breaking loose on the Yankee side, well, ya get the point. GST this gold thing of yours, well umm, I, well ya see I jist don't see where, oh well- go buy more; add to your losing position if you must, but spare us of it. <<The gold markets are not that large and it won't take that much to trigger a move up. >> Again, the massive gold selling by Euro central banks to qualify for Euro currency participation still has not been absorbed. It will not be absorbed by the markets for a long, long time. There is a serious overhang in these gold markets- you would do well to recognize this. <<For now, the platinum and palladium are doing well. It was not that long ago that palladium was under 250 dollars and platinum was around the same price as gold.>> That is a supply/demand issue. Gold is very different- nobody wants it. it does nobody any good anymore. Gold mines all over the globe are inoperative because their cost of production is so close to current market prices (this excludes processing, transport, ect). So again, please tell me why anyone would buy gold as an investment? <<BTW, was the terrorsim thing sarcasm? >> no, I am just coming up blank at your attraction to gold. Nat gas or petro, yes; gold, nada. Victor