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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: goldsnow who wrote (59519)	10/8/2000 9:14:59 AM
From: Rarebird	Read Replies (2) of 116753

I'd be careful about making some absolute statements like, "Bull Market is over", "Al Gore is finished", etc, in spite of your personal preferences. The surplus was clearly the result of the Gov't receiving a tremendous infusion of capital gains taxes from the bullish stock market. The bulk of the deficit, however, came about in the early 80's from Reagan's tax cuts. A moderating economy does not necessarily entail a recessionary economy or a hard landing. If it did, the XAU wouldn't be hitting new lows here and the dollar wouldn't be stable to higher. Actually, the XAU may be forecasting a soft landing here, which is where many moderating economies bottom out before fed easing takes effect. There are fibonacci retracements that take place in a bull market. The last one, I've been told, takes hold between 2700 and 2800 on the COMP. Message 14507585 I've been Putting the QQQ on all rallies over the past week intraday as a strong hedge against my core position. That's worked well. Any thoughts on where Gold is headed here?

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