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

To: William JH who wrote (15510)	8/8/1998 12:52:00 PM
From: Amelia Carhartt	Respond to of 116782

Hey William: Lighten up. I have an opinion and I am willing to express it and be wrong. Frankly, I hope I am wrong. But, what has worked in the past doesn't always keep working. I am not a technician but I do believe in listening to the market and not the talking heads on CNBC or in Individual Investor etc. IMO the market is sending some very powerful messages if one would but listen. I love to laugh at myself when I'm wrong or screw up. It puts things in better perspective. No matter whose right or whose wrong I guarantee you, it will be a whole lot more painful if you take yourself seriously.

To: William JH who wrote (15510)	8/8/1998 9:10:00 PM
From: long-gone	Respond to of 116782

William JH, may I jump in? Held in contempt(of buying the dips) is not quite the correct phrase(in my case at least) as I have done it also. I though am also cheap, and I never wish to pay far to much for anything. Now, if I am correct, P/E is the number of years that,at current growth rate, it would take for the profit to be justified by the earnings. I hold no position in AOL. About a week ago, it had a P/E of 379. If there were to be a crash would my great-grand-children live long enough to get that money back? I have heard many an analyst list it as a "heavy sell". Several of the miners IMHO represent a fair value, and will represent a better value if gold moves only 10%. History has a great number of years when gold has moved 30+% in only one year. There is a right and wrong time for everything. Is this the wrong one? And you know, everyone her has "bought the dips", just here we bought the gold dip. rh