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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: re3 who wrote (49287)	2/18/2000 8:12:00 AM
From: Rarebird	Read Replies (2) of 116791

<so,do you think oil can be successfully 'wished down' to $ 20?> In contrast to Gold, which is primarily a currency, oil is a commodity. If OPEC continues to hold down production levels and Growth remains strong, OIL can trade around the $25-$30 level for a while before it works its way higher. In the financial markets, the question that pops up a lot is who is right: My idea of the market or the market. I've been accused of being an idealist; but actually I'm quite the opposite here as I think the Market is always right. I think it is usually a losing proposition to impose one's ideas on the Market. Sure it's great when you can identify a major change in trend, or point of inflection. I use the Cartesian Phenomenological approach: I place myself in the Void, in the Nothingness of the Night every evening and rid myself of all my biases about the Market and try to analyze it objectively and see what it is saying. It seems to be saying NDX 5000, with the Information Age Stocks leading the way.

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