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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (1482)	8/1/1998 8:52:00 AM
From: Amelia Carhartt	Read Replies (1) \| Respond to of 1911

Hi Darleen: Our market is terminal. The signs are everywhere. Look at oil, REITS, gold, commodities, small caps. These markets are telling us something and the message I'm getting is no demand = global recession at a minimum. The American public currently has more money than brains and that situation is setting us up for one hell of a fall. In the next few years we are probably going to see Asia rising and the US in the soup. I think you will also see gold rising because after what the Asians have gone through they are not ever going to be caught without it again. But, first they have to get to where they can afford it. Can you imagine how well off you would be if you were an Indonesian holding gold instead of rupiah? As for Japan. Yes, the yen devaluation will hurt short run but Japan is nearing the end of its cycle and will be turning up in the not too distant future. I think Americans greatly underestimate the Japanese and one day that will come back to haunt. The US is nearing the end of a cycle too. Unfortunately, we are on the other end of the spectrum. Unto everything there is a season and God help those who think the can defy the laws of nature. Susan