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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (3119)	6/3/2002 8:52:40 AM
From: nickel61	Read Replies (1) \| Respond to of 3558

Looking at the recent last ten to twenty years as a prologue to the future is a dangerous game for a man of your age to play. I would role back your vision about fifty years and look with more wisdom at the relationship of the US dollar to inflation and growth in the money supply and you will see that much of what you expect is really Greenspan/Rubin speak of a perpetual strong dollar policy and a continuing inflation in US stock prices. Do you really think the stock market will rally from these levels? Derivative players have basked in the glow of their own hubris for quite awhile now. It remains to be seen if they really have any grasp of the broader fundamentals over time.

To: Zardoz who wrote (3119)	6/3/2002 8:56:13 AM
From: nickel61	Respond to of 3558

In direct response, Excess gold is not hurting the Swiss, floating currencies manipulated by the major trading pools are punishing currencies with excess gold by pushing up the value above levels where the Swiss Export companies are competitive. Gold is only irrelevant in the US because we have a perception of low inflation that requires a disconnect from the rapidly rising prices of services and the very things that you mentioned, real estate and asset prices.