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

To: long-gone who wrote (27209)	1/28/1999 12:09:00 PM
From: Bob Dobbs	Respond to of 116790

Richard and Rarebird: I agree with you guys. It is only a matter of time before gold breaks its shackles asunder and asserts itself. The overriding message I'd like to convey is this: if it takes an enormous effort by the central banks (an artificial supply equaling 38% of demand), then at this price level, fundamental demand for gold must be extremely strong. With an eventual rising price, a bandwagon bonanza in the western countries for gold investment will develop, and that could spell short squeeze. I'm firmly convinced gold will rise above $600 sometime in the not too distant future, as price in extreme disequilibrium always overshoots its equilibrium level. The stock market is one such example. Its days are numbered. Bob