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Strategies & Market Trends : Gold -- the eternal short? -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pittman who wrote (94)	10/28/1997 8:02:00 AM
From: Dwight Taylor	Read Replies (1) \| Respond to of 114

Ed, I believe gold will prevail as a great investment. It always has in the past. The countries selling their reserves (Switzerland, Australia) is ludicrous. These countries will eventually see the error in their ways. Paper will become worthless on a country by country basis. So, I buy gold at these levels.

To: Ed Pittman who wrote (94)	10/28/1997 2:23:00 PM
From: Phil Varichon	Read Replies (1) \| Respond to of 114

Ed, yeah bond is the place to be right now. That makes me think that the world CB might master this bad publicity about gold, they do not like to see the world shoveling cash into something that does not participate to finance their debts. I find the timing on friday with the swiss statement and the world wide stock market correction to perfect not to say suspicious... Maybe soon deflation will be more a problem than inflation due to the currency crisis, then bond might be better than gold. BTW do you still own BGO? Your timing was almost perfect ... I use 50 and 200 MA, but I am not a wizard in TA (like to learn) what's yours? Good investing Philippe