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

To: bobby beara who wrote (13029)	6/13/1998 6:36:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116788

Hi Bobby, we finally have company..I just asked somebody who I think is one awesome professional market timer(besides yourself :>) who graciously answers my questions when I run into him. He is bearish on the market and bullish on gold finally. He said he has been telling his clients to buy it now as it is so undervalued. He has called different industries and is seeing incipient inflation.. costs are being be pushed up..and he is just not talking about rents and health care costs and wages.. He also said money has been flowing out of the market into real estate etc. He said that the negative sentiment indicators are not working now.. I think he relies a lot on contrarian sentiment and looks for other indicators to substantiate them He also said that fund managers are not being impelled to be as speculative since most funds have done zilch for past few months and thus the fund managers don't have to compete with each other to race ahead I mentioned that since SS fund invests in treasuries these low rates are having a dire effect on the funds growth ..he discounted that saying that the flow of funds from taxpayers is where the real growth is. He discounted my thoughts that because of low interest rates,legislation would probably be passed to allow some ss funds to be invested in the market to help the funds keep up with inflation and thus give more legs up to the market with new fuel.. I said the numbers don't reflect inflation..He said possibly the government does not want to reflect the true numbers in order to keep the payments to social security recipients as low as they can.. I guess we mentioned that way back when.. anyways,hopefully a new thread will be born soon comparing the different majors (abx,nem,hm,bmg,hl,cde,asa,asl(sp),gsr(Bill Murphy provided a special report on that one),and some of the minors(alta, miramar,viceroy,vengold,campbells,ryo oak,and some of minors such as mar west,baklava(sp),etc and of course all of the South Africans..and of course some closed end funds such as BGR and CEF ps. currently am in a mutual fund for precious metals..(for too long a time so not hyping any of those stocks it would also be neat if we could start another thread when people read of private placements to the juniors or takeovers as another means of reading sentiment by money investing in gold,base metals, etc..smart money moves before the crowd who is terrified to buy low..