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

To: long-gone who wrote (66522)	3/26/2001 7:50:54 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 116762

long, <<more normal>> How about abnormal, those extremes are ~one magnitude, a factor of ~10.

To: long-gone who wrote (66522)	3/26/2001 8:18:54 AM
From: lorne	Read Replies (1) \| Respond to of 116762

Long-gone. Guess this is not a big surprise. SBI Gold Deposit Scheme -- Not a glimmer of success. " * The bankers, perhaps, failed to understand that it is Indian tradition to possess gold jewellery. To most people, it is an investment for the rainy day. " Full story >>> hindubusinessline.com

To: long-gone who wrote (66522)	3/26/2001 9:31:12 AM
From: Andrew	Respond to of 116762

The markets have already started to fold. Its just taking a little longer for the DOW to fold with the NASDAQ. I can tell you there is no bottom in sight for stocks, People that are looking for bottoms will grind themselves into oblivion. Since we're looking at historical charts that go so far back perhaps we can also take note that PE ratio's historically have beeen much lower than today's norm of 20 - 40 times. I'd like to see a chart of the DOW vs median PE ratio. Example GE the biggest company by market cap has a PE of 31. Is this a growth company? I think not a PE of 5 - 10 would be more acceptable IMHO. The DOW could easily pull back to 4000 range. In the meantime gold should return to its safe haven status and rise in price as demand increases. Those who think gold has lost its lustre and does not play the role it used to tell that to the Billions of Asians who are buying it up.