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

To: Lucretius who wrote (25630)	1/7/1999 9:33:00 PM
From: Mark Bartlett	Respond to of 117273

Lucretius, <<as for how falling s-t rates is bullish for gold... competition from riskless government s-t paper is less and less as rates fall thus pushing money into alternate investments. >> Absolutley correct! MB

To: Lucretius who wrote (25630)	1/8/1999 2:19:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 117273

<<as for how falling s-t rates is bullish for gold... competition from riskless government s-t paper is less and less as rates fall thus pushing money into alternate investments. >> Absolutley WRONG. It's the steepness of the bond & treasury yield curve that controls the amount of money invested into gold. Go back and compare the data yourself. And it's the difference between 1 yr - 30yr, and the Fed rate that controls the Dow cash inflow. And by never selling your XAU stocks you are at the whim of the market, and deserve the lousy retruns of the past few years.