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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (14848)	2/11/2002 1:57:39 AM
From: Moominoid	Read Replies (1) \| Respond to of 74559

Yeah - I don't believe the gold market is being "manipulated"... charts seem to show gold could go up a lot.... maybe when Japanese bank deposit insurance ends on 1 April.... But new miners will come in obviously.... so we then need inflation to push upthe production costs to keep gold up. Which is a quandary... 30 gold IPOs are now getting ready to float on the ASX the Fin reported today... exploration is beginning to crank up. I see the scope to use gold stocks, Australian Dollars, and gold as a hedging tool or in place of straight shorting if and when the final stock market collapse comes. I don't think that is yet. Now enronitis played out in the ludicrous collapse in QCOM's price last week we will go up as people decide there was no recession (only one negative quarter) etc. David