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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (20367)	9/28/2001 3:08:30 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 52237

I am glad you brought up gold. I have been mulling over gold for a loooong time but came up with some thoughts on it that aren't exactly conventional. I will grant you that Gold has historically been a fall back position in times of uncertainty and measure of wealth throughout history.. but.... Gold has no earnings, produces no finished goods thus has only the value that others are willing to put on it. In other words, in hard reality terms, it is worth no more than a piece of paper stock in an internet stock. Conventional statistics also show that 80% of all gold consumption is from Jewelry. If we are going into a massive global recession, how much jewelry will be bought? Yes, some rich people will buy trinkets for X-mas, anniversaries etc but how many J6Ps that have been fired are going to buy their honey that big engagement ring, gold necklace for her birthday etc? I have been wondering how high gold could really go unless everyone does flock to gold as AG keeps printing money. They may go instead to Palladium, diamonds, or even as some discussed here a while back, Paper realstate, or some other commodity that has an industrial use. Thoughts? ND futures showing a bull flag and it is trying to break upwards. Have to check to see if my calls were executed. Good Luck, Lee