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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (5272)	1/5/1998 5:45:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116824

I am certain traders knew this would be a period of weakness with traditional buyers out the market temporarilly...as soon as they return gold should start rising. If anything, this is bullish to the rest of the world since they see what people cherish and what is shielded from evaporating.. (real estate is so very high in NYC..it is going to be interesting) Also I think to prevent world wide deflation, in the second half.. governments are going to start funding some public works maybe or give some great tax breaks to keep things going.. I am questioning if many oil companies now more than we do about the middle east instability and don't mind spending their money on more exploration and development in anticipation of some crisis down the road.. Also a lot of fixed income people are really getting squashed as bond yields head towards five and all the necessities of life go up.. squish if the market starts tanking, those that bought index funds and were receiving 20% returns might not like a safe five.