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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: re3 who wrote (43718)	10/24/1999 2:31:00 PM
From: Robert J Mullenbach	Read Replies (1) of 116759

The last high was $410 and the latest low was $252 giving us a swing of $158. Now the rule of thumb says that this is to be added to the last high giving a possible high of $568. There are many other factors involved here that will predicate where it will actually go to and some such as Veneroso have predicted a $600 POG, not very far off our $568. What we will most probably see is a very rapid run up as the fallout from the massive, dare we see manipulation, come to pass. Many gold mining companies have been advised over the past years to hedge and how they have done it led them into serious trouble, both for the companies and the shareholders. speculativestocks.com

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