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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: scotty who wrote (3585)	11/26/1997 12:32:00 PM
From: Jim Ilchyshn	Read Replies (2) of 116845

Scotty, I hope that coin brings you lots of luck! Just imagine if everyone in China bought 1 ounce. What would that do to the price? What is going to happen in India in the new years when the tax on buying gold is removed? The price will look real cheap to almost a billion people there. Hong Kong is buying at record levels and the price just gets cheaper. I can't wait to see Comex warehouse levels next month. Just like any commodity, the more depressed the price is, the bigger the bang when it explodes. Got stopped out of a gold contract I bought yesterday, but will buy back again when I see some stabilization. Probably after a price rise in Asia. I believe there is some selling there to help stablize some currencies. Wait 'till you see the effects of them selling the overpriced fiat U.S. dollar. Just imagine if your credit card had racked up a million dollar debt. Do you think that your friends would lend you money to buy a car? Just shows you how many people the government can fool into believing that they will get their money back that they paid for government securities. Enough rambling on... Have a great day. - Jim.

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