Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Don Green who wrote (17853)	9/6/1998 9:15:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116795

Don - Devil's Advocate - this thread is about the price of gold - there should be room for those who think like bulls and like bears - but in the end we like to see some substance and some experience. Let's see you go on record - after all bear markets end - just like bull markets. So what are you looking for? I'm here to help still if you need me. E

To: Don Green who wrote (17853)	9/7/1998 10:11:00 AM
From: long-gone	Respond to of 116795

Don, I am only being defensive at this point and see real value in some of the miners at this point. You know some are making real profits? Oh, I'm sorry, one should not speak of "profits" to the high tech momentum type investor.

To: Don Green who wrote (17853)	9/7/1998 10:52:00 AM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116795

Don, <<You are actually lucky I am taking the time to raise doubt about all of these foolish thoughts discussed here.. I will most likely prevent many here from losing their life's savings.. >> If your role here is altruism - I've had my fill of it. The world is a complicated place and nobody has the capacity to predict what can happen tomorrow - even you. While your comment that gold has been in an 18 year down trend has some truth, you seem to be suggesting that since that is the case, nobody has made any money in that period by buying gold - which is not true - lots of people have made money in the ups and downs - which have been significant in some case. Remember on average for every 1% increase in the price of gold there is about a 3% increase in the price of the underlying stock, so it does not take much of an increase in the price of gold to have a significant increase in the price of the stocks. Speaking of downtrends, I see NOTHING that would suggest the DOW is in anything but a down trend. If I were to view which is more over-sold, gold clearly wins in that regard. There is nothing on the international front that would suggest western economies are going up any time soon. Clearly all trading partners (including my own country, Canada) will be doing a lot less business with the US for the near future. Without markets, it will not matter one iota how strong the US economy is - if there is no on to buy their goods. The diatribe we heard from the "experts" about how Asia will not effect western economies, was just that - diatribe. It is clear they are doing and saying whatever it takes to reduce the impact of the present global situation. IMHO the stock markets have not been in such a perilous position since the depression and the early 70's - in fact this time it could be much worse since we are so much more globally intertwined. My own view is we have yet to see the worst of it - one only need to look at Asia to understand what can happen to over zealous markets - where increases in "value" were not based on sound economic principles. As I said before, you are certainly entitled to express your opinion, but do not portray yourself as doing it for altruistic reasons because with all due respect, I suspect your reasons are anything but altruistic. MB