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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (37281)7/17/1999 9:56:00 PM
From: Rarebird  Read Replies (1) of 116764
 
< And none other than Alan Greenspan said in Congressional testimony last year, that the CB's would move to check any unwarranted rise in the gold price by increasing the supply of Gold available for lease.>

So, the Holy Messiah of the Gold Market has spoken. Amen.

That is part of the problem. Perhaps the problem lies in the nature of the OLD Gold Bug's character and personality. On the other hand, when Greenspam started jawboning the stock market bulls at Dow 6500, the Bulls basically told him to go take a walk; and their still telling him to go fly a kite. Now he is a SLAVE of the greatest financial mania in History. Gold Bugs, on the other hand, got scared and obeyed their MASTER.
So, the next Bull Market in Gold will have to wait till stronger hands, with the courage of their convictions, don't get so intimidated. It is beginning to happen now. The old Gold Bugs are throwing in the towel as we speak. That is good. Most of them will not participate in the next Gold Bull Market.
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