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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.04+0.4%Nov 11 4:00 PM EST

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To: Rarebird who wrote (43136)10/17/1999 1:31:00 PM
From: Jim McMannis  Read Replies (1) of 116755
 
Birdman,
RE:"What do I know? Most of the Great Gold Gurus' missed out on the last
rally! HA! HA!

Some of this money coming out of stocks will go into Gold by the
beginning of November. With the dollar headed down, inflation surging
and growth dramatically slowing as we speak, the place to be is in Gold.
This is a market that does a good job of faking out most of its
participants.

I expect earnings for the S@P and NDX to be very bad come the 4th
quarter and 1st quarter of 2000! Stagflation here we come!"

Do you remember what happened to the POG and the XAU in the September-October time frame in 1987? Those who forget history are doomed to repeat it......<G>
What is your difintion of stagflation?
Jim
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