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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.30

+3.6%

Jan 12 4:00 PM EST

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To: Bobby Yellin who wrote (3566)	11/25/1997 6:52:00 PM
From: goldsnow	Read Replies (1) of 116853

Bobby, you assume that Asian crisis did not break the Bull's Market back. You further asume that additional jolt would be needed either in a form of inflation, recession or International Conflict... You may be right. My thinking is that supply/demand in Gold have to attract investors moving chaotically from Treasuries to Stocks on trying to decide whether it was the last train that is about to leave. The problem with the Bear markets similar to one you have experienced in Gold Bear, is no different. One waits and waits, with slow, very slow bleed... This Bear is not a crush or correction.. hybernation Than what? At the mean time Gold is in multiyear Bear that has classic downward spiral preceeding recovery. (yea. blame it on Australians-there will be always rationalisation for the spiral Too much or too little DRAM in semiconductor markets no different than no exploration in Mining... What will bring Bull down is to me secondarily. We will find a reason to blame..

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