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

To: Richnorth who wrote (86436)	6/4/2002 8:12:36 PM
From: E. Charters	Read Replies (1) \| Respond to of 116770

I don't know. My crystal ball is cracked and crazed. Would that I could finger it out to a silly millimetre. But the world is upside down. Zardoz says gold descendeth. I knoweth not. By and large, through elementary signs of gold's normal behaviour, it has never gone on any trends that it did not continue for some time. This is good news when it is low, and bad news when it is high. It has also in 400 years never been far from its constant dollar level of 400 dollars per ounce. The graph is umistakable, but the support price is debatable. It depends on whose inflation figure you use. In my opinion the inflation figure that are used are not accurate, because it is too hard to compare the lifestyle of a 15 century peasant to today's peasant. My general feeling is that 350 is obtainable this year. Why? Dollar weakness, tech and industrial market topping, and gold's steady slow rise from last year. It is in its 18 month of continuous upward movement, off what is undeniably a bottom. I cannot see a market revival. I cannot see a quick resolution in the middle east. I cannot see a clear tech resurgance for several years. Although metals across the board are not ready to return, gold and diamonds are good investments. Diamonds have remained good investments right through the late 1990's but got sidetracked by investors being charmed by the Cobra tech market. The Cobra has gone back in the basket so diamonds may shine again. Beyond 350 it certainly deserves to go. It would be good for CB holdings and good for miners. When that will go is a good guess. EC<:-}