wmeubank@ocp.kcmo.com
THE TODD MARKET TIMER
26861 Trabuco Rd., Ste. E 182, Mission Viejo, California
(August 18, 1997) METALS: PRECIOUS METALS–Want to know what a bear market looks like? Look at a gold chart. We heard a well known gold guru the other day state that gold has a proven record as an investment. Yeah! Proven all right. Proven to be poor. We still can't get over the fact that since 1850, gold has had a compounded rate of appreciation of a little under 2%. We occasionally venture to the bullish camp for a trade and it is usually to our regret. Without inflation, gold is not going to give much satisfaction. We think that it is significant that even with the inflation scare headlines that we saw over the past week, gold still could not get out of its own way.
Stephen Todd
Added to the WWW 08-22-97
Last updated on 08-23-97
Hosted by:
One Crossroads Place
610 West Maple Ave, Suite WWW
Independence, MO 64050
(816) 252-4080
sysop@kcmo.com