Forum Archive Index - February 2002
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Re: [sharechat] Gold up 8 dollars!!
Probably the Argentinians and Kenneth Lay, Nick.
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From: nick <helmett@xtra.co.nz>
To: sharechat@sharechat.co.nz
Subject: [sharechat] Gold up 8 dollars!!
Date: Wednesday, 6 February 2002 7:14
Very unusual to see Gold rise 8 dollars in one day. There are serious
worries developing that
equities can no longer be trusted, after Enron and possibly Tyco.
After sept 11th there were rumours that companies were putting a rosy glow
on things to avoid
mass panic, the accounting juggling may be coming home to roost. When you
consider the drop in
profits, in real terms US equities are valued higher in real term than they
were at their peak. It
is little wonder that gold is being seen as a safe haven.
Alan Greenspam
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