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

To: philv who wrote (8098)	3/6/1998 11:34:00 AM
From: Ahda	Read Replies (1) \| Respond to of 116762

Phil i don't think anyone can dispute the figures it just seems to be that the only inflation that exists is in the Dow. Our employment figures the service industry continues to grow nothing is negative other than a few companies that are being affected by Asia. I feel gold just for gold itself minus safe haven which i do not believe there is such a thing as safe is due ot productions closure of mines purely going to be of value at a future time. The patience part is starting to get me frustrated but that is because i don't sit back and see that what goes up will come down and vice versa. Darn timing is frustrating. The techs i know arn't calling as of yet for up in gold.

To: philv who wrote (8098)	3/6/1998 6:54:00 PM
From: William JH	Read Replies (1) \| Respond to of 116762

philv - no big deal, but the dividend yield has changed in the market because most investor would rather have a capgain than a dividend. (I'm in the 28% fed and 8% state bracket, and I can tell you that I'm not looking for dividend paying stocks). I think the typical PE range is around 18 x 1, with 11 x 1 near the low end historically. PE's are also affected by interest rates, which are of course very low right now. PE's contract when rates rise. Book values have also changed much. Technology companies will never have the book values of the old heavy industry companies of the 1950's. I'm not saying that the stock market is not overvalued, just offering some perspective.