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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Bobby Yellin who wrote (43133)	10/17/1999 8:29:00 AM
From: Richard Mazzarella	Read Replies (1) of 116759

Bobby, <<if this time they don't buy on the dips>> Of course they'll buy the dips, the last dozen tanks have shown the wisdom of buying dips. What it will take is for buying the dips not to work anymore and that may take at least three tanks and buying the dips without market recovery before people catch on that "it's different this time". <VBG> I smell some fear out there and expect a volume reversal Monday and short covering rally for the S&P. IMO the market's not about to kill its cash cow so easily.

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