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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (40136)	5/21/1999 5:06:00 PM
From: Yogizuna	Respond to of 94695

Paulo, I'm afraid that you have a decent chance of being correct that gold is in a bear market with no end in sight, but we should not forget the old saying, that "things always appear darkest just before dawn". It was like that in 1982 in the stock market. Some of the gold stocks can still keep their value though and even advance in the face of this gold depression, as their mining cost per ounce continues to fall with the advances in mining technology. On the other hand, unfortunately this continues to add to supply and prevents many mines from shutting down that would otherwise do so. So, it is a "double-edged sword" type of situation we have here. We need some shocking financial news to take the gold market off life support, and since we have been in good times for such a long period of time, I would definitely hedge by having at least a small portion of one's portfolio in gold and or the mining stocks. Yogi