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Wrong!!!!!!!!!!!! You are thinking in terms of the US dollar. Look how much
gold ownership would have helped if you where in Francs, SFrancs, DMarks, Yen or
any other of the worlds currencies. There are many places in the world where it
is illegal to hold US Dollars, yet not illegal to hold gold. Gold has been and
appears will remain the only truely international monitary instrument .
Don Ewers wrote:
> Stig O.
> My immediate thought is "gold does not matter any more" ... right or wrong?
>
> People still seem to like equities not hard assets? Also someone pointed out
> recently a big change in the make-up in the XAU that should not be ignored
> (?)
>
> I still potentially believe the concern should be massive DEFLATION (loss of
> personal "paper wealth") not raging inflation going forward and therefore
> gold will not perform as the charts may indicate, barring a complete
> collapse of the system.
> don ewers
>
> ----- Original Message -----
> From: "Stig O" <olausson@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, March 14, 2001 3:34 AM
> Subject: [RT] Is the end near - Not for GOLD
>
> > I just don't get it.
> > What everybody is talking about, is wether they can pick the latest bear
> market rally, or if the bottom is in, when the real action is going to be
> in GOLD!
> > Speculating (going long) in Bearmarket Rallies is the most dangerous thing
> you can do (even if you think you know what you are doing).
> > And Nasdaq!!!
> >
> > Gold has broken the neckline of an inverted H&S pattern.
> > So has XAU (and it lead the action as it should)
> > http://stockcharts.com/def/servlet/SC.web?c=$xau
> >
> > Traditionally, goldstocks has risen when common stocks are in a Bearmarket
> and we ARE in a Bearmarket - right?
> >
> > Commmercials have been accumulating Gold and Silver since the beginning of
> 2000
> > http://www.yardeni.com/megatrades.asp
> > (look at the charts)
> >
> > Short term Lease rates in gold has touched a 2 year high
> > http://www.kitco.com/lease.chart.html
> >
> > We have the biggest shortsqueeze in history comming up.
> > http://www.gold-eagle.com/gold_digest_01/joubert031201.html
> >
> > Bank of England is having their last auction today (when price has fallen
> back to the neckline in the XAU)
> > In the past, when price has fallen the days in front of the auction, the
> reaction afterwards has been bullish and v.v
> >
> > The evidence is all over the place.
> > http://www.gold-eagle.com/gold_digest_01/schultz031401.html
> >
> > I Mean, there are tons of bullish indcators for gold/silver and people are
> still Bearish!!!
> >
> > While the Dow just penetrated the supportline DOWNSIDE of a 4 month
> trading range which has been tested four times.
> > And we just broke out DOWNSIDE from a BULLISH falling Wedge (which usually
> generates powerful moves int the direction of the break) and people are
> BULLISH!!!????
> >
> > I just don't get it.
> >
> > Stig
> >
> >
> >
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
>
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>
>
>
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