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To: GST who wrote (41493)	2/20/1999 5:18:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glenn-- Gold is the most hated and abused investment on the planet-- you did right. I have been posting on one of the gold threads so I will not repeat here -- except to say that the scale on which international gold markets operate is not fully appreciated by most of us -- these are deep and liquid markets that have played a strange role in the larger scheme of things -- watching things reverse will be rewarding if you have a stock like NEM. The best news is that William hates it. <G> GST, There are a variety of factors that should cause an increase in the price of gold. NEM will leverage the change several times due to 278/oz being about breakeven for mining with their reserves. Demand is at an all time high and there are a lot of short hedges. Which thread is most active on this subject? Glenn