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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Aurum who wrote (1041)	1/9/1998 8:37:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 1911

The more I learn about the market, the more the market is perception of what the next person will do..so I think you are right..at which point the US will probably say that have always favored a gold or a basket of hard assets as a standard and that is why they haven't sold an ounce of gold while all the other nations have...and they won't probably look back. I am glad you are seeing the same thing..

To: Aurum who wrote (1041)	1/9/1998 12:02:00 PM
From: RagTimeBand	Read Replies (1) \| Respond to of 1911

Aurum >>I have a question for everyone. If the US dollar does devalue, then what is the nett effect of all the recent currency devaluations? Surely all currencies can't be devalued - they have to devalue against some other currency (generally the US dollar). If the absolute value (as opposed to the relative value of one currency against another) of all currencies is decreased, then surely the value of commodities like gold will increase?? What does economic theory have to say about this?<< This has to do with a devaluation of the U.S. dollar. What if the U.S. decides to devalue the dollar by selling some percentage of its gold? Hope this doesn't muddy the water but it seems this question needs to be considered. Regards - Emory