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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (8424)	3/16/2008 1:18:49 PM
From: Fun-da-Mental#1	Respond to of 50725

Condor, the standard of living of the far east consumer will not increase if there's a global recession. That reminds me of a third point for the bear case: 3) The main use of gold is jewellery, which is a luxury item, and luxury items do not do well in a recession. While not as volatile as investment demand, jewellery demand has been a factor in the rise of gold and it could be a factor in its fall as well. But you're right, gold doesn't have to go up or down right now, it could hold steady for some time. If it does hold steady for a few months now I'd take that as bullish long-term. Fun-da-Mental