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

To: Chas. who wrote (18983)	9/15/1998 10:34:00 PM
From: Zardoz	Respond to of 116931

Fear does not drive gold up, it drives the US dollar down. I have gone back from 1971 to now. And nowhere along the line from then until now... including the S&L crisis, nixon, reagan, market crashes, deflation, inflation, nukes, cold war, desert storm, or ANYTHING you want to include. Has had any effect on gold for more than 2 weeks BEYOND it's normal bounds as a currency hedge. I've compiled the data, and have shared some with people on this thread. This includes the $600+ range where the US dollar actually fell. So if fear takes over, than it better be fear of the US economics, else GOLD would fall.