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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: Don Green who wrote (35024)	6/9/1999 12:52:00 PM
From: Braincramp	Read Replies (1) of 116762

The population will give a hoot, when the U.S. markets start their reverse trend. This is the best thing that can happen to gold at this time. The longer gold drops the higher it will go in the future. Reason 1: The banks are going to be scared to open their mouths about any more sales. Reason 2: No more venture capital to fund mining exploration. Reason 3: High cost producers will be gone. Reason 4: Forward sales will be a thing of the past. And the biggest reason of all is that gold will become too good of a deal to pass up. What the problem is at this point is that the people have no fear, this is because most of them have never witnessed a serious loss of wealth. When the U.S. markets run out steam, and the dollar starts to loose its value, guess what people are going to buy. The house of cards will fall.

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