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


To: Zardoz who wrote (21448)10/12/1998 1:44:00 AM
From: Eashoa' M'sheekha  Read Replies (2) | Respond to of 116762
 
Gobble Gobble Gobble Gobble.Squawk!!

"What do you need to happen to get you out of gold, and gold stocks?"

Gold will have to rise to its historical price first.That's about 350.After that I would have to reconsider holding for further gains.These are for longer term positions
in Gold stocks.As far as gold goes,that is normally a buy and hold for a much longer term.IT is cheap right now. The smart people are buying.It may be volitile
till at least 1999,but for bullion itself or coins,the small moves are discarded. People will be looking for safer investments by the time all is said and done this year.Gold is considered a safe haven.Gold sales are picking up bigtime in North America.

After gold rises to 325 - 350,many of the exploration companies will get back into action and Eric will be too busy to post here.You will miss him.<g>

Now I have a question for you or anyone else.

When will need to happen to get people OUT of the stock market?

Taurus



To: Zardoz who wrote (21448)10/12/1998 1:47:00 AM
From: paul ross  Respond to of 116762
 
<<<<"Yes it's turkey time on the floor."
I often wonder if it's turkey time on this thread. Many people seemly need gold to rise to make money. I often get asked this question:"What would I need to happen to invest in gold." My answer is, nothing. I neither need gold to rise, nor fall. So let me ask you a slightly different question, and anyone can answer:
What do you need to happen to get you OUT of gold, and gold stocks?>>>>>>

How about when the US and other world govts. adopt honest monetary systems....