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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.29

-7.0%

Feb 5 4:00 PM EST

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To: long-gone who wrote (67324)	4/8/2001 1:04:25 AM
From: Hawkmoon	Read Replies (1) of 116972

Below $300 as a high so long as the US economic downturn doesn't result in deficit spending to prime the economic pump. If the global recession deepens, gold will likely rise in anticipation of the extraordinary amounts of liquidity that will be required to spur growth. I can handle gold prices below $300/ounce. More than that suggests an economic shock that no one needs. (unless you're a gold miner). I really don't care about the low, although I tend to agree with Kudlow that more liquidity needs to be added. Regards, Ron

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