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

To: C Hudson who wrote (17709)	9/5/1998 9:52:00 PM
From: Andeveron	Respond to of 116770

General question to the thread concerning the XAU. I am long-term bullish on the price of gold and have traded gold futures profitably. My question is, does the XAU index track the price of gold? I.e, as the price of the metal rises, why would the stock prices of gold mining companies rise since they are only representative of the companies and not the actual intrinsic value of the gold that they are mining. My outlook is gold at $350 by December, and have futures in place but would like to explore other options, such as the XAU to complement the position.

To: C Hudson who wrote (17709)	9/5/1998 9:53:00 PM
From: Don Green	Read Replies (2) \| Respond to of 116770

Actually, I replied to everyone in the same manner I was addressed. Because I am, very informed, I know that no one here can provide the name of any analyst's information to justify owning Gold. Because if there was such an informed Gold Specialist who was accurately bearish on Gold long-term from the early 80's until recently, and now is very bullish, I would have a lot of respect for that person, but when I have heard the same basic reasons over the last 20 years for buying and holding Gold only to watch the price continue to drop and all of these authorities have all been proven WRONG, why would anyone feel that anything has change. Why do you all think the market tanked when Ralph Accapora made a comment that this is now looking like a Bear market??? Because he had been so bullish and accurate for so long... Give a name in the Gold Dreamers community who has been that accurate and I'll take notice. Tell me, who is wise???? Regards Don