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

To: Zardoz who wrote (66520)	3/26/2001 11:11:47 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 116762

["Hutch: Gold just sucks as a long term investment. "] So do "all" cyclicals. How about - "Gold is a cyclical - stupid" ? ... how about that it moves in broader cycles than many other commodities & given it monetary role, it's role in signaling inflation etc - that it is obviously more prone to "intervention, stabilization, or manipulation" (pick your word)from time to time by powers greater than the usual market players ? It is not all too difficult to see that Gold is emerging from a broad downturn and is forming a very nice bottom base. It is not all too difficult to realize that it (gold) has seen some unique, external pressures of late - given the LTC bail out , the explosion in the derivative/carry trade, the need to keep Gold from signaling inflation during the energy price ramp etc... No one has yet to make a salient point on any component of Gold having historically changed ? We're hearing & seeing the same type of "position talking" as we saw in the Oil & Gas markets just 2-3 years ago; when Natural Gas was selling for $1.68 per mcf & Oil $10 per boe and nothing but gloom & doom & continued downard price deflation predicted on all fronts. They were wrong on Oil & Gas and they will be wrong on Gold & Silver as well - bank on it. Gold is a cyclical, it has just emerged from a period in which it's supression was part & parcel of greater interests... as in all things "supressed & manipulated" - sooner, or later - when, not if... it becomes a coiled spring. Gold/Silver: if not here; when ? & not if, but how much (VBG)?

To: Zardoz who wrote (66520)	3/26/2001 11:43:22 AM
From: Rarebird	Respond to of 116762

<I see no pattern in the Dow-Gold ratio... maybe if it compared the ratio to some economical data?> The economic fundamentals are the moving force behind the ratio. During the periods 1929-1933 and 1968-1981, the economic fundamentals were horrendous for equities. How is this time different? Greenspan is way way behind the curve. The US consumer is all tapped out. There is no positive earnings visibility moving forward. This Bear is far from over, notwithstanding Bear Rallies along the way. It will hit every sector before its over, including the BKX and US Dollar. Loss of control is coming. In this regard, no one is better for Gold than Bush.