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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (27611)	1/21/2003 2:47:25 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Gets better with higher prices - yep. Gold's bounced between 280 and 320 for years, and only recently broke out. That's a narrow range to make money in, especially without interest or dividends John Hatthaway, manager of the Tocqueville Gold Fund, said he would not be spending his time on gold if he thought it was just going to $500 ounce. Just remebered we have the possible start of deflation in Germany - which means a lot of Europe, still deflating in Japan also. With no inflation in the U.S. outside of energy and commodities, I don't think this year will be the big run for gold. Still have some NEM just in case, of course. Someone did a survey that showed that world wide 47 of 50 different commodities were up in price. Need to remember that commodities were down in prices for a couple years, so they have a long way to get back to even. It's a start on future inflation if the world economy recovers.