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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (7303)11/7/1997 11:30:00 AM
From: Joseph G.  Read Replies (1) | Respond to of 18056
 
T, so happens, I do have an opinion on gold. -g-
IMHO, g-stocks are too high, probably because of SPX index buying. They're going to drop much if/when SPX droppes. The real stuff got to suffer some from reduced Asean population demand. Perhaps, can take a year or two before it can rally. NEM reports production is rising, cost thereof is falling, below $200. Not a bullish (secular) scenario.

In 87, the fear was of inflation, and of falling $. Now it's not the case, at least yet.

Joe