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

To: Crimson Ghost who wrote (69488)	5/18/2001 4:08:33 PM
From: long-gone	Respond to of 116764

<<I for one want to express my deep appreciation for all that GATA has done. Sometimes it seemed they were tilting at windmills, but their valiant efforts seem to have finally paid off BIG TIME. >> Their's was only one part of the greater overall effort.

To: Crimson Ghost who wrote (69488)	5/18/2001 4:12:48 PM
From: ItsAllCyclical	Respond to of 116764

Thanks George. I personally believe that perception is more important than reality when it comes to commodities. The information that we have on gold supply/demand (and oil) is a joke. When perception changes it's a self-fullfilling prophecy. Price is determined by the marginal supply and demand. As such it doesn't take a big fundmental change to get things moving in the "other" direction. We went from having a "glut" of oil to an energy crisis in two years. The "glut" never existed. It was just bad data. All that needed to change was perception. It'll be the same with gold. With today's close over 275 and potentially the long term trend lines (20 year), perception should change quite a bit