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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (2959)	12/23/1998 7:29:00 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 4066

Doug, Rather than a surge in the gold price I suspect that we will see a collapse into the $260 range. Deflation is rising again. Rather than focus on Russia - think about the third world impact of prolonged $10.00 oil. In Barrons last week the comment was made that the oil industry is essentially non functional at $10.00. This will cause production to drop and consumption growth to return. The formula for an uptick in oil is in place. Now is the time to position. Oil is a market commodity. Gold is a manipulated commodity. As long as Europe and North America sail along I fear we will not see a gold price jump. Merry Christmas, bob