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To: Earlie who wrote (226036)	3/6/2003 7:19:57 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

This guy sounds strangely familiar...<G> Date: Thu Mar 06 2003 15:00 trotsky (S&P warning on gold) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved choice tidbits: "Has gold lost its lustre? Standard & Poor's, the ratings agency, has cautioned investors over the "high flying" gold sector once the economy and geopolitical market improves." ONCE the economy improves? first of all, there is quite a bit of research showing that gold is generally doing very well during economic recovery phases ( contrary to popular myth ) . and secondly, when will that much-heralded recovery take place? in 2020? and what in tarnation is the 'geopolitical market'? are they trading Saddam and Kim futures there? ""Despite the current gold boom, it should be remembered that except for a few brief spikes in the early 1980s and the mid-1990s, gold has endured a long, 22-year bear market," said Phil Edwards, S&P's managing director of global funds research." oh, so that should be remembered. yes, it should be. anyone with half a brain can deduce that an asset that has suffered through a 22 year bear market must be fundamentally cheap. for instance, in 1982, stocks had suffered through an 18 year bear market, and in 1980, the same was true of bonds. what had the sages of S&P to say about those markets then? 'nuff said...