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

To: Rarebird who wrote (26334)	1/16/1999 7:00:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

By this time next year I expect to see the CPI overtake GDP. Well Heck Rarebird... then I agree with you. I just don't think we're quite ready to see the two remaining global currencies bite the dust quite yet. But by this time next year, I concur that Gold may very well be more valuable than it is now, or will certainly be at a point where it is an attractive buy. My problem is that I still foreign investors moving their capital into the US and Europe. This means higher valuations for US equities, then it will be bonds, and then precious metals. Thus I figure I might has well profit from all of those trends consecutively. That way I can buy more gold later on.... <VBG> I think we all agree that we're heading to the same destination. It is just that we all slightly differenct ETA on when we get there. Regards, Ron

To: Rarebird who wrote (26334)	1/17/1999 5:32:00 AM
From: baystock	Read Replies (1) \| Respond to of 116764

<<In a Great Bear Market, all news is interpreted negatively. >> Certainly seems to be the case with Gold. It has essentially gone sideways for more than a year yet the pessimism towards it deepens, which doesn't makes much sense. We see the converse in the stock market where all news appears to be interpreted positively. Just a few months ago the financial powers drew a line in the sand against Brazilian devaluation. Now when this is breached it is perceived as positive and the Brazilian stock market pops by 33% in one day. <<The speculators will get burnt here big time, which is what usually happens to them as they establish their short positions at the peak of maximum pessimism.>> I think the gold bears believe they have the federal reserve and treasury on their side. But maybe at some point the US will cut and run and devalue the US dollar against gold as Brazil was forced to do, what do you think ? Ram