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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Bobby Yellin who wrote (3407)	11/22/1997 11:27:00 PM
From: philv	Read Replies (3) of 116814

Bobby: In the shadow of Wall Street, one no doubt has a much different perception of the moment and the future. Things must be terrific, confident and perhaps right now a little arrogant too on Wall Street. I am sure this spills over the entire area. N.Y. is king. People living elsewhere may have a different perception, but who knows which is right. I suspect the closer you are to the Asian markets, the deeper the foreboding. Australians probably have a deep concern right now due to their closer ties with that area. If the Asians cannot pull themselves out of their present delimma, in time the effect will be felt in New York as well. Can you imagine in your wildest nightmare the consequences if the Dow were to loose 50% or more of its value. All our perceptions would instantly be transformed. The bullish real estate market would be dead - instantly. But that will never happen of course. ?? Maybe the fixers can keep it all going indefinitely. I'm hoping! Regards Phil

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