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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.04

+0.4%

Nov 11 4:00 PM EST

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To: Zardoz who wrote (61318)	11/26/2000 9:46:45 AM
From: Crimson Ghost	Read Replies (2) of 116754

Armstrong was correct in his bearish take on gold, but his downside target of $200 or less seems no more realistic than Bill Murphy's $600 objective. BTW, Armstrong has made some very bad calls as well as some very good ones. He was ultra bearish on stocks at the 1998 bottom. You have said that you do not expect gold to hit $350+. But what do you expect.

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