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

To: long-gone who wrote (86067)	5/29/2002 7:30:06 PM
From: posthumousone	Read Replies (2) \| Respond to of 116836

I previously thought POG was increasing because of the huge trade deficit and inflated US asset valuations contributing to a weakening US dollar. I thought accounting scandal, forward selling, Japanese bank uncertainty, and spiraling money supply were also contributing. I thought ABX would be downgraded because of its hedging program as POG has taken off. But I was totally wrong!! CNBC set me straight ... It's all about JEWELRY DEMAND! Of course!! How could I have been so stupid??!! JEWELRY DEMAND has driven the market and that's what going to cause it to fall back. And ABX was downgraded because of an increasing POG, even though it does better if POG doesn't increase. It's a paradox that all makes sense now thanks to the ignorant fools at CNBC. "Let's see... Goldman Sach and other firms are known to tell the opposite of the truth so that they ultimately win and the public loses. And now they are saying that gold is bad and gold will fall. Well, no point in challenging Goldman Sachs! We'll just report their word as fact! They must be right! Oh, and they are downgrading the hedgers only. Must be a coinincidence!" Once the tech rally got going in the 90s, it ran for years. And I'm asked to believe by CNBC that 1/2 year into this gold rally it is all going to suddenly stop? That even with gold prices near 20 year historic lows, the party is already over? Even with all of the problems at the root of the POG increases still unresolved, everything is going to instantly be better causing POG to fall? At the peak of the tech party, everyone was into tech stocks. Today, nobody on the street even knows yet that gold is moving