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To: Jimsy who wrote (31983)4/17/1999 12:35:00 PM
From: goldsnow  Respond to of 116764
 
The situation is so inflationary that Gold would be driven higher on the strength of oil ..
How high? Watch your local gas price daily..:)



To: Jimsy who wrote (31983)4/17/1999 5:23:00 PM
From: Lee Lichterman III  Respond to of 116764
 
Jim - I concur on the CLinton comment and the pilot having to be paraded. Since Clinton did not serve, he can't comprehend trying to identify a target while being shot at, doing evasive manuevers and streaking through the sky and just barely sub-sonic speeds. Truely a sorry situation that will get worse before it gets better.

Jimsy- >>Could we see gold sky rocket to something like $600/oz?<<

I don't see it happening near term but won't rule anything out farther down the road when our market and a few more of the world markets start to move down to more sane levels. Irrational exuberance can last a long time and longer than many people think, but sooner or later, markets go back to their norms. The longer we all stay up here in the clouds, the lower and longer the over shoot to the downside will last. That is when commodities in general will be valued more. Also I don't rule out a beak through at some time that makes gold a key ingredient in technology raising the worlds appetite for it. Just think, copper got back in the lime light after INTC found a better way to make chips.

Thanks for the compliment on the charts, I still have more that I don't post and even more that I need to start work on. Too many things to trade or track and not enough hours in a day. <ggg>

Good Luck,

Lee