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

To: Bob Dobbs who wrote (26395)	1/18/1999 7:19:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116866

Bob, I think Edelson is offering far from a factual(truthful?) analysis when it comes to Jewelry demand. Perhaps he is short the metals, or is working for someone who is. Here is where I posted the last numbers from Tiffany and Zale's, great moves up! Moreover, they show that during the Christmas season, Asia was coming back into the market and the U.S. market is stronger than ever. A custom jeweler I know was Very Busy for months leading up to Christmas, and could not take any more orders. He was this level of busy because Tiffany has hired away his son & partner - a reduction of 1/2 available labor - and an increase in orders by 30-40% over last year. He is taking orders for this May - June's wedding season - NOW, due to demand! The Tiffany numbers were widely reported. One must suspect the worst when an "analyst" says this sort of thing in the face of facts. exchange2000.com Also, I noted that each and every missile fired in Iraq has 1/10 oz of gold and the "smarter" weapons(including smart bombs) use silver in some bearing points for the gyro's. at some point these will be replaced. When we were only a day or three into the "Desert Fox" action, I took freely the shots from detractors which lamented the low total fired - today that too has changed. I think we must be on the edge of a break out.

To: Bob Dobbs who wrote (26395)	1/18/1999 8:44:00 AM
From: Little Joe	Read Replies (1) \| Respond to of 116866

Bob: I subscribe to Weiss and his scenario is possible, I guess. I think the most prudent course is to watch the charts of gold. It is almost impossible to go wrong if you don't deceive yourself. For example, it is possible that gold and a lot of gold stocks are making a Head and Shoulders bottom. It is also possible that the formation will not complete and if that is the case, gold will either continue in its trading range or make a new low. My strategy is to watch for the breakout. If it is to the upside, the H&S resolves in favor of the bulls and I get in. Not at the very bottom but near the bottom. IF it resolves to the downside, I stay out. As long as it remains in the trading range I watch and listen and let others make the predictions. Live long and prosper, Little joe

To: Bob Dobbs who wrote (26395)	1/18/1999 2:14:00 PM
From: baystock	Read Replies (2) \| Respond to of 116866

Bob, I think it is possible that gold will do poorly in a deflation. But we haven't had a real deflation in the US for over 60 years, so it doesn't make sense to me to invest on that basis until there is convincing proof of deflation. In a real deflation, all assets would decrease in value, except for cash. Now would you rather own gold as a proxy for cash or would you rather own some paper currency in an enviroment of competitive devaluations where each country is racing to dig itself out of a depression at the expense of its neighbors ? Its probably best to be diversified into both paper currency and gold related assets. Ram