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

To: long-gone who wrote (73926)	7/25/2001 10:25:54 AM
From: lorne	Read Replies (1) \| Respond to of 116764

Gold Producers Last-Gasp Effort to Stop Strike. allafrica.com

To: long-gone who wrote (73926)	7/25/2001 11:45:04 AM
From: Richnorth	Read Replies (1) \| Respond to of 116764

Richard, Frankly, I doubt very much if a true "understanding" will be forthcoming between those two countries. I believe that any agreement that may be reached in the future will be temporary and collapse. Why? The Hindus and the Moslems in India have been intractable and implacable foes for centuries and are likely to remain so. (In the past, the British colonial masters (the past masters of Divide-and-Rule) had exploited this fact to the hilt to rule the entire sub continent.) Which also reminds me of the situation in the Middle East. Will gold come back if there is an "understanding" between India and Pakistan? To be honest about it, I don't know. But, stargazers (if anyone would give them credibility) believe that gold is making a comeback. But naysayers are already saying that if there is indeed a resurgence in the pog, it is not because the stargazers are right but because of the ongoing downturn in the stockmarkets worldwide causing investors/speculators to return to the traditional haven of gold. Way back in January, the talking heads at CNBC were predicting a recovery by June/July since rate cuts would take at least six months to produce results. But despite several rate cuts we still hear that we are not out of the woods yet and that more rate cuts could be forthcoming. Could it be possible that, like Japan, the US economy will continue to stagnate even if the lending rate eventually approaches zero? Perish the thought, eh?