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To: Jim Ilchyshn who wrote (28308)2/15/1999 3:02:00 PM
From: Stephen O  Respond to of 116874
 
Let me add that the total US reserves of gold are one ounce of gold per member of the population. That is not very much. At any murmur of real instability in the US $, gold would leap so much and you would get lost in the rush trying to think of reasons that it is not going to go up any more.



To: Jim Ilchyshn who wrote (28308)2/15/1999 3:57:00 PM
From: Hawkmoon  Respond to of 116874
 
follow the chart not your heart.

Agreed!

But surely you realize that you are one of the few people on this thread who would base your belief on Technical Analysis.

Personally, I would love to hear your technical opinion on gold and the XAU.

I just believe that the worshippers from the "Cult of Gold" are getting too much air play out here and that distracts from an objective analysis of the gold market.

Btw, a goldbug will tell that a gold certificate is only worth as much as the paper its written on... <VBG>

Regards,

Ron