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To: R. Gates who wrote (3142)9/21/1998 1:34:00 PM
From: Thean  Read Replies (2) | Respond to of 14427
 
R,
"LT is right about gold and companies like ASA. It will be good play, for a while..."

It has been a while and gold is still inversely correlated to the US$ (primary) and DOW or S&P (secondary) down to the intraday level.

Which indicates to me gold is solely used as a hedge against the US economic health and not about supply/demand. Therefore, with no real physical demand, gold will go as far as the nervous investors wanting to use it as a hedging instrument.

LT - you need to pray harder or make another sacrificial bull offering. The morning LT is running out of steam. <GG> You may also want to consult the zirconian god to see if there is any diamond dust left so you can use for a booster effect.