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To: Crimson Ghost who wrote (100977)5/9/2001 3:22:02 PM
From: sammaster  Respond to of 436258
 
what is this bs about gold being viewed as a leading indicator? is that true....
seems like they will spin anything to get a bullish slant...when gold goin down everyone said it was worthless and a sign of "new era"
it was a leading indicator in depressions...a very very early indicator that means that economy will turn in a few years or so :)



To: Crimson Ghost who wrote (100977)5/9/2001 3:49:52 PM
From: pater tenebrarum  Respond to of 436258
 
George, my comment was partly tongue-in-cheek...btw., i'm one of those who think that the traditional dollar/gold inverse relationship may be breaking down, at least for a while. but only in the sense that i think a relatively stable dollar may not be sufficient to contain a gold rally initially.

your arguments are of course 100% correct..note also, COMEX warehouse stocks of gold have plunged by 60% over the past few months.


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