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

To: teevee who wrote (12307)	5/28/1998 3:12:00 PM
From: Enigma	Read Replies (2) \| Respond to of 116836

Teevee - the price of the dollar and the price of gold do not always move in opposite directions. Also, you conveniently ignore the fact that for much of the universe gold has actually moved UP in local currency terms. An American zenophobia - no doubt?? As for your contention that you want a high dollar - the effect of a high dollar relative to other currency will be to hurt foreign trade i.e. U.S. competitiveness and makes IMO the likelhood of US tarrifs against cheap imports all the more likely in future with bad consequences for world trade. If earnings fall so will the market - sharply. What will happen to gold I can't say - but I would have it as part of any portfolio as insurance - at least 15% - so I advise my clients.. You seem to think that people on this thread are 'gold all or nothing'. Some may be, but I haven't seen much evidence of it. All of anything, can be a recipe for disaster. E