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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: William Harvey who wrote (51509)	4/15/2000 7:22:00 AM
From: Richard Mazzarella	Read Replies (1) of 116759

William, <<The money didn't disappear....it wasn't there to begin with. Investors have the right to take their money off the table and leave.>> Those two sentences are contradictory. I agree with the first sentence. Value is what someone is willing to pay. What is paper worth, some ownership in a company or speculation? Can it be traded for goods and services? It amused me when the wizards of CNBC reported that MicroSoft had lost $150 billion. What they didn't report was that it probably only took $1 billion to "create" that $150 billion. There's the proof for "value", it's heavily discounted, especially when unwound. IMO the stock market rallies from here for a little while. The CNBC gurus begin to ask questions about value and what happened with excess from tulips to 29. Some even begin to ask if their 401k retirement is secure. The day for metals is close, very close, but not next week IMO.

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