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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: PaulM who wrote (3948)	12/7/1997 10:41:00 PM
From: marcos	Read Replies (1) of 116816

Wise to swallow nothing whole, and yes the fear shows, but imho he does have a bit of a point. Sort of like the saying; "Borrow a hundred thousand, the bank owns you; borrow a hundred million and you own the bank." ....the US owes Japan somewhere around a third of a trillion US dollars. What are they going to do, foreclose -g- I only posted that because I thought the language was a little strong, kind of cute considering the date. "... volatility amongst currencies is great news for precious metals." I agree, but am not holding my breath either. I've never been a gold bug, but my contrarian streak says all trends turn eventually. You have to buy groceries in the meantime, though, so saving dry powder until after a confirmed up-trend seems logical.

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