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

To: long-gone who wrote (25688)	1/8/1999 4:34:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116791

Richard, Granted that Indians seem to really like to hold gold. But there are also attempts in India to convince their people to accept gold certificates in exchange for their physical gold. Once this gold is back on the open market it can be sold or controlled by banks. Also, no matter how much gold demand continues in the jewelry sector, it won't be enough to offset centralized attempts to contain any price rises in gold. What really will drive gold prices through the roof will be a collapse of confidence in the monetary system as it now exists. Otherwise, I don't see the value of a gold-based portfolio given the alternatives of owning a good portfolio of technology stocks. Sure you'll see an increase in value in mining companies as the commodity value of gold increases, but not, I opine, as profitable as would be some other investments. And as a side bet, what would be more profitable in anticipation of 2000, buying gold or mining stocks, or shorting/buying puts on the DOW/S&P, or any number of hyper-valued I-net stocks?? Regards, Ron

To: long-gone who wrote (25688)	1/9/1999 10:12:00 AM
From: Oak Tree	Read Replies (2) \| Respond to of 116791

How do you see other comododies tracking with gold. Oil for example, black gold, has a huge demand and prices are at near all time lows. Is there any relation? If oil goes up that will increase the cost of everything we buy. What will that do to gold price.

To: long-gone who wrote (25688)	1/9/1999 12:18:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116791

Ron, I think you need to open your eyes and see what the Market is expressing. We are in an extremely strong ( at least service ) economy where GDP for the quarter will approach 5% or higher. In this environment, the economically sensitive issues surge: Papers, Chemicals, Transports, Metals. Look at the yield on the long Bond. " If Gold goes up, your basically betting on everything else going to hell". Not at all, at least initially. Money will come out of the Drug, Utility and Financial Sector and rotate into the Metals and other economically sensitive issues. Inflation is coming! The question is not if but when and how strong it becomes. The US$ falling has very great inflationary implications. Brazil has defaulted. We are in the perfect environment for a major major rally in Gold. Greenspam knows it, created it and won't be able to do a thing about stopping this rally! As you know, in a bull market, bad news is ignored. We are in the earliest stages of a Bull Market in Gold Right NOW!