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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Bill Murphy who wrote (13018)	6/12/1998 9:54:00 PM
From: Crimson Ghost	Read Replies (4) of 116796

Sentiment on KITCO now more bearish than I have ever seen it. Many expect new lows for POG in the near future now that key trendlines have been breached. Talk of XAU 35 has surfaced. Anybody expecting anything more than a mild technical bounce is castigated as a naive fool. KITCO sentiment has sometimes but not always served as a good contrary indicator.

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