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

To: PaulM who wrote (14674)	7/19/1998 1:38:00 PM
From: James R. Barrett	Respond to of 116764

>>"About oil, aluminum, copper as inflation hedges, doesn't it seem the deflationary writing is on the the wall anyway? "<< Yes, that is true, but the drop in oil and copper prices is due to the drop in demand from Asia. When Asia recovers (and it will) they will HAVE to start buying oil and copper again. The problem with gold today is that when the price goes up a little people start selling it forcing the price back down. When the general population starts to buy and hoard gold for years then the price will go way up and stay up. The problem is no one is scared enough to bury 10 or 20 Krugerands under their mattress for a rainy day. Everybody says that sooner or later the stock market will crash and it surely will. But have you noticed that no one ever tries to forecast how long the market will stay crashed? (ie. number of months it will take to climb back to its previous high) Jim