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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: sea_urchin who wrote (64329)	2/23/2001 2:28:46 PM
From: marek_wojna	Read Replies (2) of 116762

Searle, I mean stock market in US, Canada. What you see now is a tip of the iceberg. Once we'll see valuations 10 times earnings instead of 150 on the NASDAQ then we can talk about bottoms. Right now it will continue to slide down with short bounces up, DOW is already infected. When the banks will be hit with never before seen losses, printing money is the only salvation for present administration. On the other hand deflation will mean mass unemployment, banks going under in record numbers, 1920's but on much larger scale. Too many guns on the streets.

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