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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: Crimson Ghost who wrote (40398)	9/17/1999 2:19:00 PM
From: Rarebird	Read Replies (1) of 116759

< Why is Gold Down $1.50 when the following news came out? > In all my years of watching markets I have never seen as miserable a response to news as gold these last few months. > Have you never experienced a Bear Market? In a Bear Market good news is usually greeted by selling and bad news is greeted by even more selling. There is nothing unusual about that. I mentioned to you earlier that the US equity market went through this type of vicious Bear Market in 1981-1982. Commodity prices and Interest Rates were falling and yet the S@P kept on falling for no good fundamental reason. It was Selling that had its root in the Greatest Despair, in Tears, Heartache and utter Hopelessness that the next Bull Market would come in the 21st Century. It reached a point back then where I didn't even look at my holdings anymore. Everyone told me I was nuts and a loser back then. I cried but held on and even added to my positions. Those same people told me years later after I quadrupled my money what a genius I was. If you can make it through a Bear Market, you can make it anywhere.

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