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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (288)	8/21/2001 9:49:23 AM
From: Davy Crockett	Respond to of 36161

Absolutely right on Paul. I see two possible outcomes here: inflation or deflation, and the price of gold has historically been stable or grown under such conditions. It's a WIN WIN situation. IMO Regards, Peter

To: Paul Shread who wrote (288)	8/21/2001 5:14:12 PM
From: isopatch	Respond to of 36161

Appreciate the kind words Paul. Thx. Am just a captive of one of those "fly paper memories".<G> Was really quite a ride being active in the hard asset markets from 1973 onward. An amazing time. Don't expect the PM bull market now emerging to last even 1/2 that long or make more than a fraction of the %age gains we saw in the 70s. But, should be more than enough to pick up hat tricks with Intermediate to Long Term holds in some of these gold stocks. Iso

To: Paul Shread who wrote (288)	8/21/2001 7:51:09 PM
From: Roebear	Read Replies (1) \| Respond to of 36161

Paul Shread, Glad to have you posting here, always follow your posts on SA II. Your comment (and Iso's reply "Win Win") sum up nicely what I believe the situation is for gold: I see two possible outcomes here: inflation or deflation, and the price of gold has historically been stable or grown under such conditions. JMHO... Exactly what is going to happen. The Status Quo of the last few years is going to GO, and what replaces it, no matter of inflation or deflation flavor, is going to be good for gold. Just one example: Doesn't the approach of near zero real interest rates in US knock one of the legs out from under the gold carry/gold derivatives chair? One could probably assert zero or less real rates if one used non gov't statistics for inflation. Best Regards, Roebear