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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: pater tenebrarum who wrote (72980)	7/7/2001 3:41:10 PM
From: baystock	Read Replies (2) of 116756

<<Our conclusion basically remains the same. Over the past 26 years, we observe that when the general stock market, defined in this instance as the Dow Jones Industrials, declines 10% or more, gold stocks decline a greater percentage over a longer period of time. The reason this is important is that the myth of "stock market down, gold stocks up" still resides in the minds of investors. Our general cyclic analysis, in our weekly Dear Dow letter, shows the stock market is vulnerable. Possibly a Dow Jones Industrial decline from the current 10600 level to Dow 7000. If it happens, we are concerned that it will take the gold stocks down with it. You think this time it will be different? We're betting on history.>> gold-eagle.com

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