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

To: Zardoz who wrote (10486)	4/23/1998 12:18:00 PM
From: Mike M2	Read Replies (2) \| Respond to of 116759

Hutch, here is what Vronsky has to say about people buying gold during mkt declines gold-eagle.com mike

To: Zardoz who wrote (10486)	4/23/1998 12:28:00 PM
From: Enigma	Respond to of 116759

1987 and gold stocks. History never quite repeats itself. In 1987 there was a flat out panic and people called their brokers (if they could get hold of them) and said SELL (it didn't matter WHAT) especially when the margin calls rolled in. I can't remember clearly, but I seem to remember that the gold stocks had had a pretty sharp run up pre the crash (along with everything else). This time (if this is the 'this time') the golds have been firming but are hardly high. Also there are currency problems in the air. Gold looks cheap still. I think a lot of factors are different. It is interesting (in Canada at any rate) how few fund families have a precious metals fund - AGF, Trimark, Templeton, BPI, 20/20 - to name a few. Maybe they think it would be a betrayal of the (financial) system! Trimark bought bullion some time ago - I don't know if they still hold it.

To: Zardoz who wrote (10486)	4/23/1998 12:38:00 PM
From: Alex	Respond to of 116759

Hutch; stole this post from a Yahoo! site. Re: gold in past corrections................... tony_bull = R31995 comments... e_trades, I have gone over this issue with you in the past but it seems that you are unable to comprehend (don't know why) some very simple facts of life. These are: 1. The XAU is not the "gospel" because it goes back only 16 years. If you want REAL evidence, review what the gold stocks did during the 1973-1974 DOW bear market. And if you still do not comprehend, then listen to what was said at that time (1973): "If it wasn't for gold stocks, grass would be growing now on Wall Street" 2. Any movement of gold in the past 16 years (are you too young to remember ??) was noise on the chart. Never since 1973 we had a real bull market in gold to make comparisons of a DOW bear vs. a gold bull. This may turn out to be a real bull as it was in 1973. 3. In the 1987 DOW crash the gold stocks were significantly higher from their lows. THIS IS NOT THE CASE NOW. PS. Get your facts before you make statements if you want people to read your posts. Unbacked or incomplete statements will be challenged from other posters and if you continue your credibility will suffer and noone will read your posts. I am a little hard with you this time, because all above has been previously explained to you not only from me but other posters who may know a bit more than you on this subject. Bottom line: If this is a major turning point for gold, to hell with the rest of the markets, GOLD STOCKS WILL GO UP. Get it ??? Thanks, Tony.