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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (11669)	1/12/2003 11:33:32 PM
From: stockman_scott	Respond to of 89467

Gold, the HUI and the XAU > An analysis of the immediate outlook for gold and gold stocks By Clive Maund 13 January, 2003 While I was chuckling away to myself and rubbing my hands with glee watching my gold stocks go up on Friday, I noticed a flurry of incoming emails from readers who've seen what they suspect is a top forming in the HUI and XAU stock indices. A number of people were verging on panic and some did panic - and sold out. It seems clear to me that many of these people formed a judgement on the basis of their interpretation of the patterns in these indices, without reference to bullion itself, and, with the memory of the vicious selloff in the summer still fresh in the minds of many, some jumped ship. Their reverse logic leads them to believe that gold will eventually be dragged down by falling gold share indices. It is gold that is the foundation of these indices, not the other way round. 321gold.com

To: Jim Willie CB who wrote (11669)	1/12/2003 11:34:12 PM
From: stockman_scott	Respond to of 89467

Gold Has a Lot More Glitter to Come By John Mauldin Millennium Wave Advisors, LLC January 13, 2003 Gold has finally gotten off the floor, and has become the hot investment of the year, up around 35% or more, depending upon which day you look. I think it has more room on the upside. 321gold.com

To: Jim Willie CB who wrote (11669)	1/12/2003 11:49:20 PM
From: stockman_scott	Respond to of 89467

Reg Ogden on Gold > Trading and Investing in Gold Stocks Myth, Reality and Changing Trends By Reg Ogden Canaccord Capital Corp January 11, 2003 In the mid 80's, gold lost much of its function as a hedge against inflation and political adversity. Less and less it operated as a store of value, as an alternative currency and as a safe haven. Fundamental changes in supply, demand, international currency structures and trade regulations helped transform it from a hoarded asset to a tradable commodity. In this transformation it has returned to its original use as decoration, jewelry and conspicuous consumption. Over the past two hundred years gold assumed the role of a refuge; a bet against your fellow man giving the investor a stake in disorder, inflation and a call option on calamity, but as each year passes this role becomes overwhelmed by fabrication demand. 321gold.com