Forum Archive Index - February 2003

["Nick McCaw" <nick.mccaw@golearn.co.nz>]

Snoopy, a reasoned analysis, and exactly why it’s hard to find a speculative reason to invest in gold itself.

 

During that time however, the price of gold stocks will behave very differently, that’s where the money is being made, and will be made if this continues.

 

When to get out is the million dollar question?? For me it will be about the individual price performance of each stock, (technical) with some consideration given to the geopolitical and economic setting. Guessing and profit taking may well be as effective. Just as long as you do get out.

 

I had the pleasure of discussing these things this week, with three US based authorities on these matters. Doug Casey, Bob Bishop, and Adrian Day have been looking at these things for several decades. Their view is clear and supports a medium term run in gold based upon the instability of the US economy. They interestingly point out that many US based analysts are holding off gold because they believe it is directly related to the war build-up. This point has been raised here also. These guys disagree and believe that this move will endure the war. Any strength in gold post war, will result in huge interest from institutions and analysts.

 

All good stuff for a Friday afternoon.

 

Regards

Nick