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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.68+5.0%4:00 PM EST
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To: Crimson Ghost who wrote (5105)1/3/1998 10:22:00 PM
From: Albert V  Read Replies (2) of 116753
 
If you are right this is extremely bearish for the stock market.
According to the princeton economic institute homepage,
it is international flows of currency that begin bulls and
end bears. I have heard this elsewhere too. A major
factor in the crash of 87 was stock selling by foriegners,
once they realized that the G5 meeting in 1985 with
their committment to lowering the dollar, would reduce
the value of their portfolios they sold out.
If they see this happenning again, LOOK OUT!
Albert
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