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Gold/Mining/Energy : GOLD: WHAT IF IT IS NOW JUST A COMMODITY? -- Ignore unavailable to you. Want to Upgrade?

To: Gunnar who wrote (13)	11/12/1997 8:25:00 PM
From: MUDMAN	Respond to of 22

Marten: When one thinks of all the things going against gold right now (unrelenting central bank sales, low world inflation - even talk of deflation, booming paper asset markets, the development of financial hedges through deivatives etc...) its amazing that gold still trades with a $300 (not by much) handle. The problem for those of us waiting for the "big turn" is that gold has been the ultimate contrarian investment for a decade now. I am a firm believer that the safest time to buy a market is when the last seller has sold - total market capitulation. Unfortunately, the central banks are the last sellers and they aren't gonna be done for a while. I do hope I'm wrong. Mudman