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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (2124)	9/16/2001 12:10:27 PM
From: russwinter	Read Replies (2) \| Respond to of 4051

Spotted this from the physical "investment" market (actual bullion, coins). Obviously demand is surging. How this translates to the short cornered gold and silver "paper" market remains to be seen. I found it very SIGNIFICANT that my father and mother in law who are left wing environmentalists and activists (played a role in the successful fight against Crown Jewel in NE Washington) called me in response to some e mails I sent them about gold, saying that they've gone through the material and need to have a "hedge". They are sending me over some cash with instructions to pick up some of those unhedged "juniors". Knowing them the way I do (this is in complete contradiction to their political beliefs), this tells me what is coming is not a flash in the pan, but could be powerful. What are others hearing about GOLD as investment? Are people stirring? Perspective (American Gold Exchange, a dealer) From my vantage point as a gold dealer, shock and grief appear to be turning into action and preparation. Today (Friday, September 15) we sold more ounces of bullion gold in a single day than we have in months. In the same way that food, milk, water, and batteries completely disappear from grocery store shelves before the arrival of hurricane, physical gold bullion has now been cleared from most gold dealers' inventories across the country. The public is justifiably concerned about the future. Dealers are restocking, and the U.S. Mint will certainly ramp up gold bullion production to meet this surging demand. Gold prices are likely to increase further. I'm getting calls from a lot of new, first-time gold buyers. I'm also hearing from many old customers who've been "on the fence" for a while, but who are now taking decisive action. Other dealer friends of mine across the country report the same type of business activity. Customers who reside in smaller cities have reported to me that some banks are running short of physical cash. All of this activity is confirmation that the public is beginning to react strongly to this crisis and the prospects it presents, taking strong measures to protect finances. The amount and intensity of this activity is much different than anything I've seen in recent years - far stronger, in fact, than what I witnessed during the Gulf War of 1991. Of course I have no crystal ball. But based on what I am seeing, I believe the potential for a major gold rally is now extremely high. The panic trading of Tuesday subsided into more normal trading on Wednesday and Thursday. Today, however, was anything but normal: we were literally run over by new gold buyers. Grass roots buying, the fear of uncertainty and further disruptions, and an already weakening fiscal environment may well override normal gold market "technical" trading and cause this market to break out to the upside.