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To: David Zgodzinski who wrote (182721)	7/23/2002 9:14:04 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 436258

David I think Prechter is right gold will go up upon demand and not as a store of value. In many countries you can not even pay with gold and more than 2 generation that gold is not traded as money and people are not used to it. Further no one is interested that gold would come instead of fiat money any way.

To: David Zgodzinski who wrote (182721)	7/23/2002 9:14:59 PM
From: yard_man	Respond to of 436258

When I read that Dave I thought about what would happen if it was decreed again that gold was fixed to such and such a price in dollars -- what would be the effect? I think now it just wouldn't work. the market is more gloabal and the dollar is everywhere ... I think Russell has a point that the Fed -- at some pt -- will desire for the gold price to rise -- albeit, in a slow climb so they are not embarassed, but enough so that deflation does not appear to be the boogeyman that it really is ...I'm getting really jaded here, thinking that perhaps -- not specifically the banks, but someone who is into them for some major $s was short gold and needed to unwind. Drats, now I am sounding like a conspiracy nut to talk up my book ... but I wonder. In the larger view, while POG remains above the 300-310 level, I remain a bull and will continue to play it that way.