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

To: HiSpeed who wrote (17715)	9/5/1998 11:07:00 PM
From: Terry Rose	Read Replies (3) \| Respond to of 117113

HiSpeed, What happens with the stock market depends on the dollar. As long as the dollar heads south the stock market goes with it. As far as gold it finally started to track the dollar inversely and I see know reason that it will not follow past behavior. Buying gold is in essence the same as shorting the U.S. dollar. Since somebody (Central Banks or hedge-funds most likely) through the Yen-dollar and gold-carry trades sent the dollar to way overvalued readings it opened the door for us dastardly gold bugs to profit from it's re-entry into reality. Even without the need for "doom and gloom". Buying gold producers in certain companies can be the same as buying permanent gold calls in the futures market. I see shorting the market as a hedge against deflation. My puts are an insurance policy. I hope I don't need them. If Greenspan lowers interest rates gold will go through the roof. If he stays pat the stock market tanks. Either way I should come out ok. Terry,