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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.87+3.9%Jan 6 4:00 PM EST
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To: Larry Haraksin who wrote (11498)5/19/1998 4:40:00 PM
From: Larry Haraksin   of 116842
 
I spoke with my broker today at Smith Barney. They had a meeting yesterday where they were told not to put their clients in any risky or volatile investments. SB is expecting a rate increase in July which will greatly upset the markets. They specifically were told not to advise additional investments in emerging markets. In fact, management made it clear that if there were large profits sitting in their clients accounts, they were to mention taking some profits off the table. Isn't it during these times that gold pops up?
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