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

To: bobby beara who wrote (12477)	6/1/1998 8:20:00 PM
From: Bearcatbob	Read Replies (2) \| Respond to of 116795

Bobby, As I ponder my losses in the gold market i think back to the oil debacle of the 70's. The oil price did not revive until many of the smaller companies went bankrupt and a lot of the Southwestern banks with it. Perhaps we need a wash out like that. Even then the oil price is back in the tank. One of the big price drivers recently in both oil and gold was purchases from Asia. Now they are too broke to buy either. I think this is lot Clinton -less rather than more, later rather than sooner. I think it would take a democratic take over of the US House to change the current strength of the dollar. Gee, maybe I should vote for the democrats to end this financial responsibility that has over come this country and get the gold price moving. Thread thoughts please. Bob

To: bobby beara who wrote (12477)	6/1/1998 9:32:00 PM
From: Terry Rose	Read Replies (2) \| Respond to of 116795

bobby, When I first started investing in gold I did it primarily to benefit from a stock market crash. I felt that if I either bought physical gold or the right gold mining stock that I could sit back and wait for the inevitable implosion of the stock market bubble and gold would benefit some way from this chaos. I still feel this way and purchased some more of my favorite gold stock this afternoon. The stock markets around the world are correcting and the resulting loss of wealth is starting to create a global recession which leads to more stock market losses in a vicious cycle. Even the U.S. stock market is cracking and when it goes things will get hectic here along with a drop in the dollar due to sales of dollar denominated assets. Where will the money generated by sales of our stocks go? I think it goes into the German mark especially if they raise rates before the U.S. or Japan. I think that this is the last opportunity to buy gold below 300 for a long time. Since the price is below the cost of production the downside risk is fairly limited. Thus the risk/reward ratio is in my favor. Terry,