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

To: lorne who wrote (77638)	9/28/2001 4:49:08 PM
From: lorne	Read Replies (2) \| Respond to of 116753

Gold glimmers on analyst optimism 4:10 PM ET Sept. 28, 2001 " NEW YORK (CBS.MW) - Gold futures closed higher Friday, reflecting raised estimates by analysts and optimism that continued political and economic uncertainty will keep the precious metal above $293 an ounce. Shares of most major metals companies also rose. " Full story >>> marketwatch.com

To: lorne who wrote (77638)	9/29/2001 10:32:38 AM
From: Tommaso	Respond to of 116753

Maybe gold will climb a wall of complacency. I started to put a "<g>" after that, but the cautiousness about its prospects, after this 20% rise, sounds a lot like a classical bull market in anything. Until the producers can get geared up to give the world all the gold it wants at a production cost to them of under (in some cases well under) a total cost of $250 an ounce to them, there might well be a nice slow spike. I have found gold to be about the very worst possible long term investment. It's kind of like playing at a roulette table, where you might walk away with a lot of money if you are lucky and quit, but where you slowly lose money in the long run. Roulette is NOT gambling. It's a guaranteed way to lose steadily. Gold is a guaranteed way not to lose all your money, but --in the long run-- guaranteed not to make any. But for short periods and in certain situations, gold is the answer, and this might just be one of those periods and situtations.