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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.14

+1.2%

Dec 30 4:00 PM EST

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To: Arik T.G. who wrote (35673)	6/22/1999 8:50:00 AM
From: Rarebird	Read Replies (2) of 116836

Hi Arik, The Bear Market that you have projected becomes more feasible each passing day as the Speculation hits higher and higher heights in the US Stock Market. There are so many new investors and traders that have come onto the scene over the last 2 years. Even the most previously bearish people on SI merely pay lip service to a Bearish Scenario while practically siding with the Bulls. I call it capitulation. At this point, I see the S@P topping out this summer in the 1600-1800 range before we see a 50%-60% decline over a period of 6-9 months. Yes, it could get worse. I hope not though. The American Public ( those that buy the dips during the Bear ), Clinton and the CB's of the World will be taught a good old-fashioned lesson by Wall Street. On the other hand, some will never learn.

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