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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: ali who wrote (93089)	1/31/2003 3:35:21 PM
From: GST	Read Replies (1) of 116768

It is always tough to spot turning points in any complex situation. I do not claim to be able to do that :) -- but I have been concerned with the financial position of the US for some time, and we are gambling on an easy win in Iraq -- that might seem likely today, but war unleashes forces that are hard to predict much less control. I cannot think of a market that is stranger than gold -- I do not believe it is easy to predict, although it appears to have been easy to control for the past 20 years. If serious buyers step into gold for any reason and break gold from its slumber, there is no model to predict the price.

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