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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (6381)	10/15/1998 3:57:00 PM
From: MoneyMade	Read Replies (1) \| Respond to of 119973

Did you get my email on IKAR...<eom> M$neyMade

To: Rock_nj who wrote (6381)	10/15/1998 10:04:00 PM
From: DebtBomb	Respond to of 119973

Rock nj, Gold may go up for 5 main reasons IMO. 1. Gold is priced in dollars, as the dollar weakens, it takes more dollars to buy it, thus gold goes up in dollar terms. 2. As other countries currencies strengthen against the dollar, due to the dollar weakening, the price of gold comes down for them, thus they buy it. Gold is in a bull market in almost every other country in the world due to their currencies being weak, but know it's cheaper and they buy or short cover. 3. As the NEM CEO announced the other day, people are starting to buy gold on Y2K fears as a safe form of currency, and as an investment, thinking that more people will buy in the near future. 4. As stock markets around the world decline, people in the US look to gold as an investment being bought near the bottom, because generally speaking, gold and stock markets move inversely, always have, always will, because generally when a country's currency weakens, it's stock market goes down. If the US thinks recession is coming, they will buy gold. 5. Political uncertainty has caused the biggest gains in gold in the past. History shows that the biggest gains in gold have come from when the people have given up on their government, when things get out of control and the people lose faith, and when the rest of the world also loses faith in that country, and pull their investments out. It may be a little too early for gold to make a big move. I think it's just getting started. Next year, maybe in the spring, gold may really take off.