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

To: IngotWeTrust who wrote (12975)	6/12/1998 9:36:00 AM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 116814

ole 49er Your the first person I have ever met who used the word nice in the same sentence as bond/currency derivatives manager. Thank you ;) But I am not actually a gold bug. I invest in mining companies and track the metal because of it. I made a comment to Serge recently that I believe gold is become essentially an industrial/jewelry metal. So I would like to see gold rally because I own companies that produce the stuff not because I believe it is superior to paper money as a store of value. FWIW I believe we will see gold wash out over the next few months because of dollar strength globally, maybe as low as $250. At that time I believe we will see some mine closings and the supply situation will rectify. However because of the central banks likely being sellers of at least some of their gold I think it will be difficult for gold to break over $320 for several years. After that I believe long term equilibrium is between $350 and $400.