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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

Dec 22 4:00 PM EST

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To: Bobby Yellin who wrote (2683)	10/31/1997 10:01:00 AM
From: Phil Varichon	Read Replies (3) of 116820

I agree that deflation might become the #1 problem... And gold never did to well in those environments(down 19% from 1929-32)... So what's left? bonds, and the smart money is just doing that now.. I would prefer to be wrong... The chart showing the world commodity VS world bonds just failed to confirm a buy signal... this is deflationnary... Philippe

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