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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: goldsheet who wrote (48812)	2/11/2000 4:19:00 PM
From: PAUL ROBERTSON	Read Replies (3) of 116788

How can you differ so much to what Frank Veneroso believes is an equilibrium price of $600? This is what puzzles me such a great deal. You two fundamentalists spend your lifetimes work studying gold and end up at such opposite ends of the spectrum. I'll continue to lean toward the tech side, thank you very much, given that any market is strictly an emotional being and can only be measured properly in this way. Open interest and volume indicate that liquidity in the market has dried up considerably. My guess is that a lot of locals are day trading and it would also seem that the bulk of what is coming into the market has already done so. If we move to the $340 level, pull back a tad and blow that level it will be headed much higher, a figure that is not possible to determine at this time. paul

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