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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: Bobby Yellin who wrote (900)7/26/1997 10:53:00 AM
From: Richnorth   of 116762
 
You may be right about DELL and other computer stocks trending downward from hereon. But the info I got is that there is still a lot
of upside for DELL vis-a-vis other computer stocks. Compaq and Gateway are mounting challenges against DELL, but they cannot compete effectively.

I guess a correction is inevitable and healthy for the market. I hope that will not adversely affect many of us too much.

What I find extremely worrisome is the possibility that interest rates might go even lower now that the dollar is getting stronger and the US has considerably reduced its deficit. A further decrease in interest rate will give a big boost to the market but not for the senior and junior golds. I understand there is speculation in Wall Street that the Feds are beginning to realise the interest hike in March was probably a mistake and that they might lower the interest rate before the year is out.

Your comments, please.

Richnorth
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