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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Enigma who wrote (53525)	6/2/2000 11:42:00 PM
From: Hawkmoon	Read Replies (1) of 116770

How long will the equity rally last - maybe a lot of selling into it as the day progresses? Enigma, you have to understand what is happening to make the market go higher. There's a ton of 401K money that goes into the market at the beginning of each month and then the quarterly pension funding coming up in July. That's why we have a summer rally with a sell-off in late July almost every year. Simple fact is that money makes this market go higher and higher as there just aren't enough investment opportunities out there except the index funds. At least not any that pension managers are willing to deal with. So the odds are this rally will last in one for or another through the middle of next week and they they will drop it hard in order to permit some of the institutional and money market cash find the enticement to hop in and support the decline which turns this bear market into a correction and consolidation phase for a number of months. Regards, Ron

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