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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.34

+3.7%

Jan 5 4:00 PM EST

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To: Stoctrash who wrote (54395)	6/15/2000 1:28:00 PM
From: Rarebird	Read Replies (1) of 116842

Your mistaken on a couple of counts: 1) At this point in the economic cycle, raising rates will not make the dollar stronger as it will push the US economy into recession, bringing the dollar down with it, which is a positive for Gold. 2)I'm not a gold bug; but a gold advocate who sees value in gold shares at the present time. 3) Your over valued tech stocks are presently in the denial stage that follows the first leg down in a Bear Market. There are at least 2 more legs down coming. The second leg down in tech stocks will come as an adjustment to negative growth. The 3rd leg down is the capitulation phase. The whole primary trend has changed.

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