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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: goldsnow who wrote (35607)	6/20/1999 11:46:00 AM
From: Mike McFarland	Read Replies (1) of 116845

Why Goldbugs Feel So Squashed Business Week--June 28, 1999 p106 "Gold belongs in satellites, wedding rings, and dental work. Anywhere--but not in your portfolio." This reminds me of the World Awash in Oil, $5 a barrel oil--the featured article in The Economist a few months ago. A couple weeks ago I transferred my mutual fund money market into the gold stock fund. ^XAU is bouncing around the bottom here at 60, yes? At 50 I would buy a second 'half'. This is in a taxable account, and if this turns out to be a bad call, well, I'll just wont have to send quite as much in to the IRS next spring. Message 10071294 Any thoughts--I don't really follow gold much, but I do like to buy things when it looks like the point of maximum pain, I tend not to overpay that way.

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