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Gold/Mining/Energy : Gold Price Monitor
GDXJ 120.19-1.4%4:00 PM EST

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To: Jim Ilchyshn who wrote (3128)11/14/1997 11:03:00 AM
From: philv   of 116844
 
Jim: If the falling of global markets, currency devaluations, wage and price increases non-existent and governments world-wide cutting back; If these aren't strong indications of deflation, what is? So....The price of gold should go up. According to the theory that gold does best in deflation, we should be at all time highs.

This theory is being tested now, so all we can do is observe.

Phil
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