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

To: Real Man who wrote (62467)	1/4/2001 4:33:18 PM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 116762

There have been some good posts here. I feel that a half point cut was unusual. Normally rate rises are strong and rate cuts are modest and gradual. In this sense, AG's move could be viewed as bullish for the unhedged gold producers (e.g.Agnico Eagle) since after a week or two AG may be in an identical position - but with fading credibility (Look what happened in Japan when their bubble burst. Down came the rates right to zero and then still nothing happened). Many years ago in, I think, 1992 or 3, I asked a reputable gold observer what he thought gold was worth as an industrial mineral and back then he told me about $150-175 and the overhang of demonetized central bank gold could be absorbed surprisingly quickly by aerospace, jewelry and commemorative issues. After that, he said, that gold would, (unlike other metals) continue to rise gradually but almost uninterruptedly to at least the $500s over a period of 10 years. I wonder what he would be saying today - nearly a decade later? What do others here think that the current value of gold is as an industrial mineral? (We have to assume that the gold mines would set about marketing more seriously the jewelry aspects).