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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: Ahda who wrote (3045)	11/11/1997 3:55:00 PM
From: Bucky Katt	Read Replies (1) of 116877

There is no easy answer to the gold question. I have never seen a commodity so messed up since the silver run in the 1980's. I have been playing the futures, and I am even thinking of sitting it out for a few weeks. You sure don't want to be long on the chance of a c/b coming in and killing your trade. And to go short is almost as bad at this point. Doing nothing is most likely the best road to follow. And Fruit of the Loom has also cut 3000 jobs today. Looking for cheaper production in, where else, bailed-out to the tune of 100 billion S.E. Asia! As I said before, we are importing deflation. Only a matter of time till it hits real estate.

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