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

To: Jim Ilchyshn who wrote (5392)	1/8/1998 3:01:00 AM
From: PaulM	Respond to of 116753

Jim, Singapore Stocks, a relative Asian oasis until recently, down 7%! Also telling is that the Nikkei manages to close down despite major pension fund (i.e., puppet, state controlled) buying. I also "feel" a near term rally. I have logical, bedrock reasons for why gold is an excellent long term investment right now. My short term view is seat-of-the-pants intuition. And just how fast things are happening in Asia. Gold's tendancy will be to go up, so long as it just remains stable. It's only when it's falling quickjly that people will question its use as a store of value. And it obviously can't fall quickly forever. There are simply too many considerations floating around out there for the G-7 to focus exclusively on a strong dollar and weak gold. They have bigger fish to fry now.