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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (785)	10/27/1998 1:04:00 PM
From: Famularo	Read Replies (1) \| Respond to of 3558

Yep, I only posted what was in the paper. No, I don't believe it will be $2000.00... LOL....))) regards Frank

To: Zardoz who wrote (785)	10/27/1998 5:00:00 PM
From: Enigma	Respond to of 3558

Hutch - thanks for your PM. The thing about gold, actually about any chart including the Dow as at present, is that it's hard to remember other times when the price was markedly different. So to many, the Dow will seem merely to be going though a correction - bulls will not believe we're in a bear market until when ?- Dow 5000? By this time they will be so shell shocked that they may be extremely gun shy about re-entering the market at all. Same with gold right now. With gold down here in the doldrums it's hard to remember what it was like when it was substantially higher - yet it will recover and go back up, and then these present prices will seem like the bargain of the century (excluding 1971 of course!) And I can predict one thing with certainty - there will be all sorts of technical and rational explanations for the move - but only a few will profit by buying at these washed out levels. It's always the way. All the things you are saying about gold were true (or at least could have been aid) when it was at $400, $500, and higher. When it was at these levels it seemed cheap to many. We're not talking about a rational state, but rather the pendulum of the market. I don't agree that it is derivatives which create value in the market, because ultimately we are faced with the underlying asset. I should post this on GPM - I will in fact! E