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


To: Richnorth who wrote (19373)9/20/1998 7:30:00 PM
From: banco$  Respond to of 116764
 
This evening's 'Cavito On Business' (Fox Network) featured Mr. Geoffrey Symonds of Trace Global Opportunities Fund. My Symonds acknowledged the recent rise in gold shares saying more or less, there are few choices other than the US dollar/market to take cover. And given the weakness of the USD as of late, his sources claim the dollar could suffer further loss (boosting further demand for gold if I am reading & recall his statements correctly). Curiously, in the program conclusion, Mr. Symonds suggested safety in bonds and cash; he withheld further comment about gold.