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

To: Zardoz who wrote (86890)	6/14/2002 11:42:33 AM
From: long-gone	Respond to of 116927

<<Maybe today near close, but likely next week during options expirations >> I was thinking the same way, & a "wash out" being declared will have nothing to do with if the techs have become "cheap" or gold "expensive". Did you catch the wireless downgrades today? Some people won't hear them until after today & will sell next week. These sheep will then buy into a gold fund or gold stocks - and most "gold funds" are mostly gold stocks. So might the coming gold stock price surge be "the rally" into which one would do their best selling?

To: Zardoz who wrote (86890)	6/14/2002 11:44:09 AM
From: E. Charters	Respond to of 116927

The markets just aren't going to grow, because there isn't anything compelling for them to grow into. The transfer of dotcom craziness, to earnings based whatever is not as exciting as people would like. It is downright dicey in a possible seriously contracting economy. There is no chicken in this burger. There are four things to put money into that make sense for some people, but of course cannot absorb all the sectoral money, and these are military hardware, security products, diamonds and gold. Always a great refuge in times of crisis. The only stuff you want in the keel of your Sampan. If you want to escape the Thai pirates and have some place to go after you leave the Mekong, you need a stinger or RPG launcher, 250K in uncut and bullion in the bilge, a longwave radio, a GPS and some US dollars to bribe customs officials when you land.