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Gold/Mining/Energy : Gold Price Monitor
GDXJ 117.61+3.0%4:00 PM EST

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To: long-gone who wrote (3696)12/1/1997 10:34:00 AM
From: Richnorth  Read Replies (2) of 116815
 
Richard,

I'm glad to see you are so optimistic! I am guardedly optimistic. It seems that $280 is the next test level. Many banks in London, U.K., so I understand, are going to buy gold at this level. A couple of investment brokerages in Canada recommend buying GOLD CERTS at $285-$280 level.

However, there are those who believe that once gold hit $280, the downturn to $250 and then $195 can happen very quickly.

Perhaps the posts in the relatively new GOLD-XAU thread will be of great interest to you (see #1, #2 and my posts of the last couple of days there).

Richnorth
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