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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: John Barendrecht who wrote (1239)	8/15/1997 8:28:00 AM
From: Bobby Yellin	of 116764

goldman sachs downgraded some gold stocks yesterday...at this point it seems that not a market correction but some global something or other will be the only force to move the "precious" metals..hope I am wrong..it is as if everybody and their grandmother know the US market will go higher after this correction and nobody is panicking or worrying or anything.. I think money is going into emerging markets etc and will go into midsize and smaller cap us stocks..people definitely are not concerned with the correction in the dow stocks etc.. burt dolmen who is fantastic thinks zero coupon bonds are a huge buy.. others think the bond market will be higher... wonder who is right.. another said bonds will be lower because less will be offered.. still think most consumers don't have money and the government secretly probably wants the unions to win...just a guess ..(otherwise there could be an implosion down the road)..now wonder if the southeast currencies are all tanking..will more and more USA corporations take advantage of the dollar going further and move more and more plants over there and hire more and more of their people? just wondering..

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