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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (937)	4/18/1999 6:16:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 2794

What do you make of the spike up in gold stocks and cyclicals of late? partly a response to the bump up in oil prices resulting from OPEC's decision to curtail production. On gold stocks specificly; it has been helpful, imo, to gold shares that the price of gold has at least stabilized. A lot of juniors and exploration stocks were beaten down to bargain basement levels on fears that the pog was going to continue declining. With the price stabilizing there has been, I believe, a lot of bargain hunting. I talk daily with people in the physical gold market and there is very little indication of a significant move in either direction right now. Also for what it is worth I do believe the liberazations in global capital markets have greatly diminished gold's value as a predictor of inflation or debasement. It is more reactive now if anything.