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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Richard Mazzarella who wrote (38742)	8/10/1999 11:37:00 AM
From: Enigma	Read Replies (1) of 116954

Robert - I think that Richard is a little pessimistic to say the least! 20 year lows are so rare. Aand it hasn't been bottoming for 20 years either - there have been a few ups and downs over that period - though the overall trend has been down. Someone else asked for similar advice and it was suggested that for a start they look at the component stocks of the XAU index. Stocks rather than the metal I'd say. It's hard to recognise a bottom just as it was hard for you to know when the tide had turned for the internet stocks. You 'lost' 45% off the highs I mean - if you're wrong on gold you might be out by 5% - maybe a little more - but maybe now's the time to get your feet wet? d

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