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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.87

+3.9%

4:00 PM EST

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To: Douglas M. Benedict who wrote (3892)	12/6/1997 1:22:00 PM
From: Bobby Yellin	of 116842

I just reread Tom's post and then I reread my post.I think he knows me well enough to know I really respect his ideas and that I don't mind getting trashed in the pursuit of understanding.. .I was curious if his friend thinks all untangles overtime or if we are building one gigantic bubble..also curious why metals are in a deflationary spiral since there is no longer massive dumping and haven't read about signficant instructure rebuilding..although technology does make things more efficient.. I guess I think the price of gold is being manipulated successfully and when people refer to it as a barometer I cringe sometimes and think it is part of the emperor's new clothes scenario..but perception create change? I always try to have an overview and try to factor in everything that I can think of to have some idea what might happen.. I ended my post with what a deep pocketed individual might do.. I guess my conclusion was they too would short the gold market in hopes of being able to pick up gold at even lower levels rather than take the averaging down at these levels..they probably wouldn't buy until there was some central bank announcement hinting at a policy change or something.. other factors were mentioned that make me think this balancing act can't continue and in the process of "good times" for the US economy...it is pretty severe times for miners,now for Koreans (besides all the other tired tigers) who I just read are the 11 largest economy..(ie Goldsnow mentioned possibly civil war in South Africa with a potential 150,000 jobs in jeopardy(please check that number).. also pretty severe times for a lot of overworked americans who will probably burn out... I guess I threw in a lot more which again makes me bullish on metals.. down the road.. The other day a friend said gold was dead forever and this time is different...I said time will tell...

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