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


To: Alex who wrote (12534)6/3/1998 7:27:00 AM
From: Crimson Ghost  Read Replies (3) | Respond to of 116815
 
Alex: Thanks for those 100 reasons to buy gold!

Little Joe: Agree that a stock market meltdown or bear market may or may not get gold moving. The key, I think, is whether bonds and the dollar go down hard as well.

The dollar will be the decisive factor in my judgement.But, as Steve Kaplan has pointed out, sharp stock market drops often portend steep declines in the greenback as well.

If stocks, the dollar, and bonds all enter severe bear markets and gold still doesn't move, time to give up the ship. Odds against this scenario probably 100 to one.