SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (90592)10/15/2002 4:26:12 PM
From: long-gone  Read Replies (1) | Respond to of 116844
 
Oh, I'm sorry it must have been your position that disclosure was only important in a charity.



To: goldsheet who wrote (90592)10/15/2002 5:30:08 PM
From: Professor Dotcomm  Read Replies (3) | Respond to of 116844
 
Talking of negativity there was an interesting review in today's Reuters Market News Investor Profile on Robert Prechter biz.yahoo.com
He is calling for a short term level of about 4,000 on the DJIA over the next six months and ultimately to below 1,000 before the bear market is over...."Then" he added "we go up for 20 years". Puzzlingly, however, as well as avoiding stocks and bonds, he would avoid gold as well - preferring cash (didn't say which currency) or bank deposits with safe Swiss banks (names supplied on request!).
His is, principally, a deflation scenario like Japan's but over a shorter time scale.
On some points I would agree. A fall of such magnitude would wring out the over valued US$ and could lead to a more balanced global asset distribution.
But pretty apocalyptic!