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

To: Mark Bartlett who wrote (27268)	1/29/1999 1:28:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116762

"If the markets were healthy, this would not be a concern .... seems to me what you are saying is: "lets 'manage' the historic indicator of an unhealthy market (i.e., gold), pretend it is still healthy (i.e., indicating no economic problems) ..... then the markets will also be healthy"." Gold is ALSO an unstable currency. One need only plot it agaisnt the US Dollar index or SDR's over any length of time, and you'd see it trades at premiums, and below premiums. And if you want to, you can filter out the Premium to show the real strength of the POG. Today, it's trading at a premium of $6.00 over Weds price. Sure, you can say it's only up $1.20-$1.80.. but then you're only valueing in US Dollars based on ONLY the US economy. Look at the Euro today? The Pound? Even in a health market, bubles can form. And that includes commodities, and GOLD. A shock to one, can does effect others.