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


To: long-gone who wrote (71513)6/11/2001 2:33:04 PM
From: goldsheet  Read Replies (2) | Respond to of 116769
 
> it is his belief that gold must always go down

Well, at least I am often hopeful for a rise in gold prices,
even though I have been frequently disappointed.
I found one of my comments from May 1997 -

"I'm not predicting a gold rally, but weakness in the US dollar is
definitely required before we can have one. Maybe we will go through
the "summer doldrums", build a long strong base for gold at $us 340,
get over the Bre-X aftermath, and set the stage for something more
postive by the fall ? "

I was concerned about the strong dollar four years ago, but still
hopeful we might get over it and see something better by the fall of 1997.
I can't believe I'm still hoping things will get better, maybe in the Fall of 2001 ???



To: long-gone who wrote (71513)6/11/2001 4:53:12 PM
From: goldsheet  Read Replies (3) | Respond to of 116769
 
Media Alert
You will love the wording of this reporting:

COMEX gold drops in familiar failure of rally
NEW YORK, June 11 (Reuters) - COMEX gold fell Monday, negating a sharp technical rally on Friday, as funds replayed the yo-yo act that sent futures to 10-month highs and right back down three weeks ago, dealers said.

FULL: biz.yahoo.com