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

To: Richard Mazzarella who wrote (67814)	4/18/2001 12:22:56 PM
From: marek_wojna	Respond to of 116980

<<Little does he understand the current rigged gold market>> Do the shorts understand now? Must be a cold shower for them

To: Richard Mazzarella who wrote (67814)	4/18/2001 12:26:05 PM
From: dean poets	Respond to of 116980

I'm not trying to argue with anybody, just making a point. Back in 1981, interest rates were 14%. Rates have been in a steady decline ever since. Sure there have been a few upticks, but it has been a steady decline down to 4%. I don't have a chart to look at, but from what I've been told, is that Gold has basically been in a negative pattern for 25 years. When rates are low, people feel so much confidence. So much confidence, they buy worthless technology stocks on the drop of a dime. Why would anybody panic with interest rates low, and buy GOLD? Dean PS. It wouldn't hurt my feelings to see Gold rocket to the moon! I am just giving my 2 cents on interest rate cuts. I see Gold is up 2.50 after the cut. Hopefully I'm wrong!