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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: long-gone who wrote (41865)10/2/1999 11:03:00 PM
From: d:oug  Read Replies (3) of 116759
 
Richard and anyone else: Who is SI member Michael D.Burke ?

StockTalk: Coffee Shop: Ask Michael Burkeÿ
To: Doug A K who wrote (68565)
From: Michael D.Burke
Saturday, Oct 2 1999 8:22PM ET

Doug, I don't do much in the way of predicting prices in tight time
frames, such as your 2 and 3 month targets for gold. I think that gold
is in a multi-year uptrend vs. the dollar due to the recklessness of
Alan Greenspan and the slowing down of CB sales. Very short term, we've
come a long way very fast and I wouldn't be surprised to see a down move
of 10% or so. In 3 years, I expect gold to be over $500 an ounce.
I think GATA is the organization that is protesting gold sales by the
Central Banks, but I'm not certain that those are the initials.

Good Luck,

MB
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