Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (556)	12/20/1998 11:04:00 AM
From: Richnorth	Read Replies (2) \| Respond to of 49333

Stephan, By the way, Gary North of the Remnant Review is still bullish on gold. Rightly or wrongly, it seems to me that the current glut supply of oil has been planned/manipulated/orchestrated to be so since about ten years ago to keep the price of oil down. Otherwise, the oil-rich Middle East countries would be cash-rich and can afford to buy WMD (weapons of mass destruction) from countries willing to sell to them. This, of course, is a no-no for the policemen of the world and countries fearful of being conquered/destroyed. In the past, for whatever reason, the price of gold has often moved in lockstep with the price of oil. Now that oil is down, it is not surprising that gold is down, eh? Many seem to forget that, to ensure the Euro dollar will debut successfully come January 1st 1999, gold has to be made to look unattractive as an investment. For this reason, some people have opined that gold may yet fall to ~$190. However, Jim Dines, of the Dines Letter, believes that when MASS FEAR/PANIC sets in some time in the future, investors will rush back to gold. Unfortunately, he does not venture to say when the rush will likely begin. So, for the time being, there will be some sorta' taunting from those who believe the market still has lotsa' legs to run higher, eh?