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Gold/Mining/Energy : Gold Price Monitor

GDXJ 150.42

+2.0%

Jan 28 4:00 PM EST

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To: goldsnow who wrote (40726)	9/23/1999 6:36:00 PM
From: Bobby Yellin	Read Replies (1) of 116929

love that theory.. I have a few theories myself..one that office 2000 is coming out etc..and always Microsoft likes to talk down the stock.. also there are so very many small high tech firms that look so cheap compared to future earnings..I am beginning to follow a lot that have to do with streaming audio and video and compression..blah blah blah..I doubt that billionaire was talking about those.. also I think greenspan is delighted..think a lot of hedgers who thought they had no brainers are now smarting that Japan hasn't intervened in its currency etc..now wouldn't our government want also to hurt the gold carry trade as long as no governments are also doing it...this market selloff can be a great excuse for him not to have to touch interest rates .. let the market do it for him.. if he doesn't have to tighten, that should continue to help market.. again we are possibly in tax selling session now..so I would guess buyers are waiting on sidelines to see how cheaply they can pick up their favorites.. also I think a lot of market pronognosticators are confused big time.. those day traders are increasing in number and while funds seem to be flowing out of mutual funds..I wonder how many of these funds are being stirred into daytrading accounts..I think I heard ameritrade head say he had 1/2 million accounts..with average of 45 k and thirty or 40 trades a year average.. anyways I thought bear markets started with recessions..do you see one coming? also since the Japanese economy is so very fragile..I don't think Greenspan and Summers wants the US stock market to nosedive now.. also would think at this point..they would want gold to stabilize and possibly head a bit higher now.. just guessing as usual bet you are one happy camper stressing all those metal stocks.. great going!

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