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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: long-gone who wrote (63813)	2/16/2001 12:45:57 AM
From: goldworldnet	Read Replies (1) of 116779

Hi Folks, Today was a rough day for the price of gold. I wanted to make an observation about the current price. Back in 1999, prior to the Washington Agreement, gold was trading for similar valuations we see today. The "gold shorts" of 1999, relentlessly tried to break $250 US for POG. They Failed! After the Washington Agreement, gold rocketed over $84 US. In the following year and a half, gold has once again been beaten down to the current level. In 2001, "gold shorts" are no less desperate than they were in 1999 and in my opinion, even more desperate. There are marked differences today. It is not only "Goldbugs" and "Contrarians" that question the viability of the US economy and its reckless rate of expansion. Recession is in the wind and it is being reported by the mainstream media daily. The Nasdaq fell 39% last year and the DOW fell 5%. The "Money Makers" and "Derivative Dumpers" are running scared. They will be no more successful in 2001 than 1999 and in my opinion, decidedly less so. Best to All, josh ***

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