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Gold/Mining/Energy : KITCO - Gold discussion -- Ignore unavailable to you. Want to Upgrade?

To: kitkat who wrote (131)	9/24/1998 6:55:00 PM
From: sea_urchin	Respond to of 989

KitKat : I don't dispute that. I, too, have also learned to be very wary of being bullish on PMs having been wrong so many times previously. But, seeing XAU up on a few days during the past week when everything else was down indicates to me that confidence is definitely building up in gold shares. It could be different this time ---- if you excuse the cliche. Admittedly, the long-term resistance trend-lines on gold and XAU have still to be penetrated and, in the circumstances, I recognise that my optimism could be premature. But, it is not unfounded. It is not everyday that a major investment fund, run by the creme-de-la-creme of the financial world, goes bang for $4 billion. The repercussions HAVE to be very serious. There HAS to be a serious loss of confidence in the now-traditional means of investment --- shares, derivatives, funds etc. So, where do people put their money?!