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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Mark Bartlett who wrote (44998)	11/14/1999 2:56:00 PM
From: Crimson Ghost	Read Replies (2) of 116753

The Y2K laugh is on the gold bulls. The big Y2K beneficiary is turning out to be US financial assets. Foreign funds are pouring into the US because of the perception that we are more Y2k compliant. But once this inflow of funds reverses (probably early next year) US financial assets could take a really big hit. And that could get gold moving towards $400 more quickly than most think possible My operative assumption has always been that the more the paper bubble expands, the bigger will be the ultimate explosion in gold. Paper is the place to be for the next few months. But gold will glitter brightly again before long.

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