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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.35

+0.4%

Nov 6 4:00 PM EST

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To: goldsnow who wrote (5028)	1/1/1998 7:08:00 AM
From: Bobby Yellin	Read Replies (3) of 116753

Hi- want to take a guess at what can turn the gold market around..heard courtney smith on CNBC yesterday say he expects gold to go down another 100 dollars or so. I have been listening to Bloomberg news this morning..must be a masochist. (Dogs want to go out again..somebody spilled a pizza near my apartment and my dogs are as stubborn as I..they want another crack at it.) I can't see putting any more money into gold until there is some major policy change..ie from Japan?..or a devaluation from China? Heard that silver rise was triggered by a hedge group.. Waiting to hear how people explain the poor Christmas sales. Assume that the analysts are going to blame lower corporate earnings on the Asian Flu rather than just their inability to keep on showing profits from low interest rate payments,stock buybacks which lower the divisor and parttime workers with no benefits and some slave labor. Also assume that analysts will continue to be bullish also because of dropping oil prices and lowering of taxes. off to walk the dogs.. bobby

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