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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%4:00 PM EST
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To: Broken_Clock who wrote (5495)1/9/1998 3:27:00 PM
From: Crimson Ghost  Read Replies (3) of 116756
 
DLUCAS: It all depends on bullion. If bullion tanks with the market, the gold stocks could go dopwn a lot more. But my best judgement is that both gold and gold stocks will not go down much more from here, although neither has troughed yet.

Of course, I have been prematurely optimistic in the past. But my sense is that the powers that be now realize that the suging dollar must be curbed or a global depression is a real possiblity.
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