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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Bobby Yellin who wrote (40341)9/15/1999 7:43:00 PM
From: Winzer  Read Replies (1) of 116760
 
Sometimes you learn reasons for things that should be so obvious! e.g. On the Hurricane Watch, a CNN story suggested that insurance companies will have to sell stocks to pay the claims that they will see from te damage. This could further put the squeeze on liquidity and send the market in a tailspin?

The way they talk about a bubble, could the hurricane finally pop the bubble? Think about. Oil at $24+ and full employment and consumer spending at all time highs; but inflation is tame. The dollar is under pressure and gold is benign. What is wrong with this picture?

Winzer
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