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

To: Gabriela Neri who wrote (8298)	3/13/1998 10:31:00 PM
From: Casey	Read Replies (2) \| Respond to of 116782

Gabriela: <<Y2 problem is a Yardeni favorite but it creates the kind of chaos that would spike up gold in a serious way, then look out. The short S&P position may be a better way to capitalize on that disaster.>> I'm beginning to believe that gold is not going to be considered the refuge from chaos that it once was. Can't say exactly why I feel this way, but it has something to do with the consistent "the sky is falling or going to fall - buy gold" prophesies that I have been receiving from a bunch of investment gurus over the last 3-4 years while the stock market keeps surging and gold keeps dumping. S.E. Asia currency crash, Japan credit crunch and Y2k scare the hell out of me wrt their potential impact over the next 3-18 months or more, but I just can't quite yet convince myself to switch my portfolio into gold or gold based investments. I'm more comfortable with money market funds and natural gas plays at the moment, plus some silver stocks. I must admit that I am warming to your suggestion of going short the S&P. I've sent for some information on a fund which plays the short side of the S&P. I'll post again when I receive the info.

To: Gabriela Neri who wrote (8298)	3/14/1998 2:03:00 AM
From: PaulM	Respond to of 116782

Stock Market in Last Act of Three Act Play? biz.yahoo.com

To: Gabriela Neri who wrote (8298)	6/6/2000 4:32:00 AM
From: long-gone	Respond to of 116782

Posted: 2000/06/6 03:14 AM GMT+2 South African golds hit bottom I have decided, in view of the sudden rally of the gold price to $281 on Friday June2 - its highest level since April 20 - to devote this article to the move and try to project the future possibilities for JSE gold shares. Gold's sharp climb on Friday was tied to the dollar's fall against other currencies, as nervous gold speculators ran to cover large short positions. According to Bridge News, speculators gold short positions far outweigh longs. Therefore the extent of any rally would be governed by how much shorts have to cover. Most analysts presently are of the opinion that the present gold run will be limited by the covering of the bears. But the end of any bear phase and the start of a bull run begin when the bears cover their short positions. The dollar's fall on Friday was due to the release of May employment figures, which suggested that the US economy was slowing and the Fed would not need to raise interest rates. The dollar's decline was especially seen against the euro. An interesting aside to the present Zimbabwe situation, is that the embattled country has had to borrow R120 million dollars against its remaining gold reserves. Tobacco or other products were not accepted as collateral according to the Financial Times. Gold is still, as Alan Greenspan once said, the ultimate form of payment. (cont) 196.36.119.130