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

To: russwinter who wrote (67363)	4/8/2001 2:24:59 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 116763

russ, >>Should also mark the beginning of a long mutual fund liquidation process. I have not talked to anyone who has liquidated yet, have you? The folks here seem to be cutting back on home projects and extra spending until the market comes back. I don't know what will scare them, but there has been many years of buy and hold education. Joan

To: russwinter who wrote (67363)	4/8/2001 3:38:21 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 116763

I think every time the Fed cuts people rush out and borrow on their home mortgage. Further reduction in interest rates carries a high risk of sparking inflation. Notice all the union strikes and wage disputes in airline industry for example. People arent going to buy the story of buy and hold the company pension plan and stock any more. The surge in consumer credit coincides with a spike down in job creation and a ramp in corporate debt risk. Some banks are in deep gumpshee. Agreed that the mutual fund industry will be significantly reduced in the coming year(s). M.

To: russwinter who wrote (67363)	4/8/2001 4:27:29 PM
From: Rarebird	Read Replies (1) \| Respond to of 116763

Talking about Traders Committments, it should be pointed out that the Commercials are tremendously long the Australian and Canadian $$$, Swiss Franc and British Pound Sterling, which is extremely bullish for gold. I respect historical trends. With gold mining shares, very few are buying now, while many are using each rally as an excuse to sell, just as they did with the general stock market as it bottomed in 1981 and 1982. The gold market generally acts in a way which will hurt the most people.