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

To: Alex who wrote (10840)	4/28/1998 8:21:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116764

Alex - you could be right about a rate hike being negative for gold - but nothing happens in isolation - it depends on what else is happening. As I've said before it might be negative, but it might not! Trite? Well, I can remember when gold was in a bull phase that several rate hikes had no effect at all. On the other hand, in the fairly recent past, cuts in rates (the converse) had no positive effect on the price of gold - in fact it continued to fall. One can't always have it both ways. Maybe it's a case of 'if it goes up it goes up, if it goes down it goes down'? Maybe I should become a chartist pure and simple?