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To: Chuzzlewit who wrote (40862)	5/7/1998 3:00:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 176387

<<<I'm amazed at how you rationalize some things. On the one hand you pointed to past increases in the price of gold as being a harbinger of imminent economic disaster, and when the price of gold falls, it is only a buying opportunity! And then you go on to say: "Supply has been shrinking while demand has increased ...". Unfortunately for your argument, the data don't bear this out. If that were true prices would be going uo, but they aren't. >>> You have an interesting grasp of the absolute efficiency of the mkt as well as short selling? I think you need to go back to business school. demand is outstripping supply, why do you think the price has moved up from around 260 to where it is today??? Gold has broken a 3 yr downtrend. that signals bottom to me. I''ll say it again, I don't care if it is pencils or tulips, if something is out of favor for 20 yrs, and prodcution facilities are closing. Demand eventually comes in line w/ supply and the up cycle starts again. Chuz, you're making some fairly ignorant arguments? as for my economic disaster not occuring.... I'd actually prefer it that way. either way Im positioned to make money. If the mkt goes higher, I just don't make as much IN THIS MKT. However, we'll have to see what happens overseas. Open your mind. Just because the US mkt is going up and one is bearish on it, does not mean losses all around. No more questions on this issue pleas, I've grown tired of discussing it. I'll stick to DELL and PC industry from now on, you kids do the same.

To: Chuzzlewit who wrote (40862)	5/7/1998 3:12:00 PM
From: Lee	Respond to of 176387

Hi Chuzz,..*Off Topic* Just so we can all see the same picture, listed below are URLs for monthly gold and silver. Since the XAU is a gold & silver index, I bet everybody can figure out which metal is behind the XAU ascent. Just thought it might be of some interest. tfc-charts.w2d.com tfc-charts.w2d.com dbc.com One final URL - gold weekly - as you can see it got down to 280 and hasn't done much since. tfc-charts.w2d.com And this doesn't even begin to address central bank selling of this metal which may not be over yet. You are absolutely right about the primary questions with which this economy needs to be concerned and Japan is the biggest. Y2k problems may also clog up the axles too but that is still 18 months away. Japan is by far the most serious concern today. Regards, Lee