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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

4:00 PM EST

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To: long-gone who wrote (50291)	3/12/2000 9:13:00 PM
From: Rarebird	Read Replies (1) of 116762

GDP fell in Japan 1.4% last quarter. Now their officially back in recession as if they ever left!...The smartest thing the Fed did was not keep short rates down like the Japanese did for years and hence will be in a position to lower rates aggressively with stocks down, rather than before they drop. Basically, the Japanese shot their load to early; the U.S. did not succumb to nearsightedness of that type, and that is one of the reasons why the dollar has been rising. There will not be a crash in the US stock market over the next month or two. This is just a cyclical bear market decline that is one of the longer ones in modern history for the market internals, and a bump in the road for serious techs. I see one last leg down. Dow 9314 should hold. When the NDX corrects and 3700 holds, the Bear is over here, I think.

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