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

To: JD who wrote (6763)	1/26/1998 8:01:00 AM
From: Dan P	Respond to of 116762

JD and Philv: As you point out, Kitco has a useful web site for up to date prices for the precious metals, including gold, silver, platinum, palladium and even Rhodium. They also provide a free e-mail service, which will send regular updates customized to the individual's request, on a 24 hr basis. By the way, I also believed that Denver would win, as it fits the big picture. The Investors Business Daily Mutual Fund index is about to turn quite bearish, and if this Clinton business drags on for a long time, I believe we will see quite a serious decline in our overall market. This is one factor (external, or really internal shock) that the bulls had not factored in in their view of our goldilocks economy. Also, the psychological aspect of the U.S. and even foreign investors, has to be considered. A weakened U.S. executive branch may put a damper on the flow of money that has poured into the U.S. market for the past several years, simply on a lack of confidence basis. As has most likely been mentioned before, the market in the mid 70's declined while the Nixon story was unfolding, and finally bottomed after he resigned. We might see a similar pattern, now, although the Y2K problem looms in the not so distant future, as well. I believe that now is the time to seriously consider shorting the U.S. market, and there are many ways to do it, including at least 2 no-load funds, the Prudent Bear Fund, and the Rydex Ursa fund. Of course, there are many other ways to do it, for those who have the sophistication. Regards Dan