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

To: long-gone who wrote (27200)	1/28/1999 9:06:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116789

Richard, I think the major problem for Gold is NOT the Manipulation; but the exuberance of the U.S. Stock market, which has a positive impact on the dollar. The dollar corrected against the Yen as a result of Fed Easing. It should resume its rise now over the short term. Greenspam tried to talk the stock market lower for years and failed. Why? Market forces ( low inflation and good corporate earnings ) and sentiment were positive enough to rebel successfully against the Fed Chairman's words. Gold is a crisis hedge: Nothing more nor less. The Manipulation can only succeed if Market forces are positive for financial instruments. I think we are very close to the end of the line in regard to this exuberance and outright insanity. No One can persuade me that these valuations can hold for very long at these levels: Not with the A/D line flashing a sell signal! As an alternative investment hedge, Gold is presently completely out of favor. It can't compete at the moment. But don't you worry. I see a major rally coming this Year from the Ashes and the Greatest Despair. This type of Manipulation will backfire and propel the POG much higher this Year. But first the safe haven status of the dollar must be shattered. Safe Haven my arse. It breaks like glass when the Bear arrives and pushes prices much lower. Where will this safe haven money turn to now? Gold, Richard. The Question here is When? I think we are in the process of forming a top in the U.S. stock market. The sooner the better for Gold.