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

To: PaulM who wrote (11882)	5/18/1998 10:45:00 PM
From: Terry Rose	Read Replies (1) \| Respond to of 116825

Paul, With all the newly created money floating throughout the world a large amount of gold in one's reserves just makes sense. Whether or not the Euro agrees with this logic we will soon find out. Most of the people on this thread along with you bought gold before this was even an issue. Hope when it comes to investing can be a four letter word. When the Euro became a part of history just a few days ago my immediate feeling was one of apprehension. There is now a new kid on the block which will stimulate change. The fact that it's size will allow it to compete with the U.S. should create some trading opportunities. Hopefully we can discover some trends early in the game. The most obvious trend is that gold has bottomed and is headed back up. The other obvious trend is that the dollar is topping. The fairy tale that the U.S. will have a budget surplus this year will eventually be exposed and the dollar will head south again. What we have seen over the past few years is a bear market rally in the demise of the dollar. Terry,