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

To: the Chief who wrote (15713)	8/11/1998 7:57:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 116791

Chief, I believe POG is still being taken to the woodshed with the rest of the commodities. However, all goldbugs know that gold is a monetary asset in a sheep's dip clothing-ggggg- AND WHEN GOLD TRADES LIKE SHEEP DIP it's a buying opportunity! Do you really think American Corporations will tolerate the lack of pricing power they have attained with the dollar imbalance that is stretching daily? The Corps got the bucks - follow the bucks! bb

To: the Chief who wrote (15713)	8/11/1998 9:07:00 PM
From: Wizzer	Read Replies (2) \| Respond to of 116791

Typically, if stock markets begin to falter, we would have seen the POG move up slightly. This is not the case currently. I am beginning to believe that people cashing out of the stock market, are keeping their cash instead of reinvesting it elsewhere. Perhaps, they are waiting for better opportunities, perhaps not. If there is no move up in the POG over the next few weeks, I think there should be concern. The issue in my mind is that the typical mindset of market panic moving stock money to other "safer" investment vehicles has been broken, and cash in the bank is preferred. This may indicate that the bottom of the stock market falls even further along with gold, mutual funds, bonds, etc... ,in my opinion.