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

To: Richard L. Williams who wrote (30802)	3/29/1999 7:38:00 AM
From: long-gone	Respond to of 116791

<<I have a larger point to make. Trading is about getting tomorrow right. A good way to do that is to not get it altogether wrong. If you extrapolate a trend too far for too long you risk making the biggest mistake a trader will make - you risk being stubborn. The irony of $800 gold is not lost on me, either. Yeah, maybe it could happen, so I keep it on my inventory of possibilities. But do I adhere to this outcome as the only and ultimate outcome in the face of persistent new lows in spite of plenty of things that are supposed to support gold (inflation, war, strong economic growth, etc)? Of course not! You work with a thesis and bear down when it is confirmed and back off when it is contradicted by the fact that matters - price. This is why I am so dumfounded by the goldbug. How many refutations of a thesis does it take before they catch on?>> Yes, one should not risk becoming a "perma bear", "perma bull", or "perma gold-bug". There are chances in here for a good trade, now & again. There are also changes in the mining industry which have made (at least one) more miner move from the Red to the black. Aslo, as most of the miners also produce something else, if the other products move back up andgold "just returns to the norm(300-330)" Profit potential for the miners could be massive! gold may be a relic, but as long as it is needed & or wanted, there may be a great pay-day as the world believes it is "forever dead". I'm waiting for the day I see the words "Gold Dead forever" on the cover of Time or Newsweek. The bounce alone will put me on easy street. Also, remember most Bull markets start with only "An occasional trading opportunity"!

To: Richard L. Williams who wrote (30802)	3/29/1999 8:04:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 116791

Richard : Did you know that goldbugs can't see! So you can show them those stories, as much as you wish, and it will make no difference. Except, they will believe that you have an agenda in showing them that stuff eg. you are in a conspiracy against them. Goldbugs are attracted only by smell (like dung beetles) --- the smell of conspiracies, the smell of market manipulation, the smell of Rothschild and his cronies, the smell of CB sales, the smell of fiat money etc And like dung beetles, goldbugs are programmed in their genes just to accumulate gold (dung)! It gives them a feeling of security. Their latest craze is e-gold --- a piece of paper with a picture of a yellow gold bar on it! Something like a Christmas card. Goldbugs are, indeed, curious creatures. As your article implies, modern-day relics of pre-historic eras.

To: Richard L. Williams who wrote (30802)	3/29/1999 8:31:00 AM
From: Enigma	Respond to of 116791

Richard L Williams <<Nobody has made any money on the long side of gold or gold stocks since Reagan was in his First Administration>> A sweeping statement, and like all such, patently untrue. dd

To: Richard L. Williams who wrote (30802)	3/29/1999 8:54:00 AM
From: Enigma	Respond to of 116791

Richard L. Williams <<, and now stands at $280. A level that will certainly not hold>> - couldn't agree more - how high do you think it will go? dd

To: Richard L. Williams who wrote (30802)	3/29/1999 9:18:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116791

<< From _The Market Cap_: The Market Critic: Don't call me a goldbug! Gold is a commodity that trades on supply and demand. Supplies basically grow over time, because the material is considered a precious metal and it does not get used up as fast as it gets created...>> Articles and stories such as this are worded with care so as to "blend" truth with half truths and to lead the reader into the (false)belief that "near every ounce of precious metal ever mined is today available for sale". I have even seen those quoted words in print. Allow me to here show that is pure and simple B.S. used to spin these partial truths into investments of other sorts! Alex brought us the story of the Gold Buddha which is never sold, rather gains weight in precious stones & metals. Every museum has at least an item (or a great many) from antiquity made of these precious elements which are also "not for sale". Gold leaf and gilding make up the edges on many Holy Books and other relics of every religion - most of which are also "not for sale". I see no listing on EBAY where the LDS are auctioning off the Golden Tablets! In my own family, it should be noted, jewelry is never outright "sold", instead, over the years and generations these items are redesigned & remade into something the new family member will wear and enjoy, often with two or more prior pieces made into one. Every generation adding a few more oz, a few more gem stones, and passing them on into the future. There is now a stone that rides upon my wife's finger which was before on the finger of my mother's grandmother contained in gold again from a prior ring. Many other prior "poor" families have the same practice - of "never sell gold or gem stones" -rather reform them! Note here also, a small bit of gold (24k) I have not noted "for sale - make offer": milehighcity.com better view: milehighcity.com From an earlier point in the article, the author states: "Nobody has made any money on the long side of gold or gold stocks since Reagan was in his First Administration." This is a patently blatant lie! Scotty here has shown us several profitable plays In The Last Year! I know well a man who made some, bought Jan. 85 around 303 sold Sept. 86 near $425.