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

To: long-gone who wrote (90452)	10/9/2002 7:58:48 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116815

I wish just once one of those asses on CNBC would admit the gold coins from this sort of recovery have no chance of being reminted into any other form - at least until gold price passes between $3000 and $30000 per oz! Did you catch the price of the gold plated tableware from the Titanic? I think the price of the table forks was $2500 each! Ahhh... but if the British government decides to sell off a couple of tonnes of that salvaged gold, it will provide collectors and gold bugs both, the opportunity to possess a gold object (assuming coinage) far more valuable than "common" gold... That will depress the gold market overall since these coins will have a value until themselves as a greater storehouse of value (for those who consider gold to be such). 1/2 mile down isn't all that far given the technology we have today.. Thus, recovery of substantial sums of coins can be anticipated. Oh... btw, the HUI is looking pretty ugly and ready for a potential retracement back to $80 or so... bigcharts.marketwatch.com On the other hand, if that bollinger band flare on the weekly chart results in a substantial upside move, the target could be $150... And we still have to experience a capitulation sell-off on the equity indices before there is a wash-out. Hopefully that will come by the end of the month. But I imagine it will be downward because the Iraqi situation is about to calm down significantly over the coming months. Let's see what the next couple of weeks bring to us. Hawk