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

To: Eashoa' M'sheekha who wrote (11759)	5/16/1998 3:15:00 PM
From: Bobby Yellin	Respond to of 116856

did anyone post this site before eaglewing.com thanks..I really don't see myself as a doom and gloomer..I am so bullish long term once this financial bubble bursts...wow the internet is opening up the whole world..there are more and more consumers out there then ever before.. just totally confused at times.. still can't figure out why commodities are so very cheap if the whole world is building up... wonder if the Koreas and Indonesians are better off now in quality of life then they were before the bubble was created.. I guess Goldsnow would know if the average Russian was better off now than before..I don't even want to try to guess with my minuscule knowledge.. wonder if the average Mexican is better off now than before..hope Marcos could state his opinion... don't think the average North Korean is better off.. would think the average black South African is definitely better off than before..(don't think Searle on other gold thread reads this thread to comment) definitely the average stock holder from ten years ago is way better off definitely people with trust funds from inherited money are definitely better off definitely wall streeters are better off definitely all the corporate heads with stock options definitely all the corporate heads with golden parachutes.. ..but curious..with all these mergers..eventually won't that interfer with competitive pricing.. (banking costs higher,telephone costs higher etc)

To: Eashoa' M'sheekha who wrote (11759)	5/16/1998 3:31:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116856

World is now on a de facto dollar standard. Gold cannot move big time until this standard is seriously challenged. Just beginning to happen in Europe and Asia. But make no mistake -- when the greenback falls off its pedestal and US financial markets head south on a sustained basis -- gold will surge beyond your wildest dreams. I remain very skeptical about this "safe haven and liquidity driven markets" talk. They were talking this way in 1987 too. Everybody knew stocks were overvalued then, but most thought the overvaluation could continue for a long time because of the huge amount of liquidity being created. This is a huge bubble that must keep surging or collapse. People are only staying in and getting in because it keeps going up. The moment upward momentum fades out, a torrent of money will start rushing to the exits. And the first correction not quickly followed by a return to new highs will tigger one of history's most severe bear markets.

To: Eashoa' M'sheekha who wrote (11759)	5/16/1998 11:45:00 PM
From: PaulM	Respond to of 116856

"gold has not responded to these events as it has in the past" Gold is really only a crisis hedge when you can hold it in your hand. I suspect that if you watched physical offtake durign crisis times, even now, that stat would likely be more consistent with gold's traditional behavior. I no longer pay attention to the COMEX price movements. What trades is a contract (or perception about future supply and future demand). POG will rise when the market goes into backwardation, as lower contract price levels cause a physical shortage. Just like silver, palladium.