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

To: t2 who wrote (74533)	8/6/2001 5:29:20 PM
From: Square_Dealings	Read Replies (3) \| Respond to of 116858

"Gold stocks look to be a good hedge at this point especially since real estate prices have not dropped. If the economy does not pick up, it would be a pretty reasonable bet that real estate crumbles." Since your new to gold here are some helpful rules; 1. Gold always goes down, it goes down in a good economy and it goes down in a bad economy. 2. Some weeks gold moves with the US$ and sometimes it moves in opposite direction, but 90% of the time its moving down regardless. 3. The best indicator for when gold will move up by .50 - $1.00 (huge move for gold -g-) is when the shorts come out on all the message boards bragging about how they shorted 10,000 shares of NEM 4. A huge crash day in gold is about - 3 to 5% down on the POG or mining stocks. Gold traders think that a 5% down move is equivalent to CSCO going from 75 to 20. 5. Anyone that believes gold prices might go up in the future is referred to as a "Gold Bug", or a fanatic. So if you are bullish on gold its best not to tell anyone. <VBG> M.

To: t2 who wrote (74533)	8/6/2001 5:53:58 PM
From: IngotWeTrust	Respond to of 116858

May I respond also? You wrote: How does increasing unemployment; weak economy affect gold prices? RESPONSE: Unemployed people do not buy gold, they buy bread and gasoline until they are forced to steal one or both to survive. Even if there is no inflation, one would think that Gold price drops. However, it may be a little different this time. Gold seems to have been held back by a strong dollar. REPONSE: Gold seems to be held back by strong supply regardless of locus of that supply. If the dollar weakens against the EURO, would that not push up the price of Gold? RESPONSE: Only thing for sure about that statement is that the actual Gold EURO coin price would rise. Gold stocks look to be a good hedge at this point especially since real estate prices have not dropped. If the economy does not pick up, it would be a pretty reasonable bet that real estate crumbles. RESPONSE: Real Estate Prices fluctuations in various locations for many reasons. Gold ownership is NOT one of them, except possibly in Rarebird's case where he has too much of the yellow stashed under his bed and his floor and foundation have begun to sag AND crumble. Is my logical flawed? RESPONSE: Not any more than my publically spelling publicly wrong is flawed At ease, soldier! and welcome to the GPM thread<grin>