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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: philv who wrote (5527)	1/10/1998 9:47:00 AM
From: Bucky Katt	Read Replies (1) of 116759

Phil--As I said before, the low crude price is a Saudi payback. I doubt it will last, not due to economic reasons, but due to a future political/war crisis in the region. Next 1-24 months? You remember when crude was around 10 dollars and you could buy drillers like GLM for $4 a share? I do and did, and we may see these stocks fall off during this period of low crude pricing. At some point, gold should recover just as the oil price did. More deflation news>>http://www.exchange2000.com/~wsapi/investor/reply-3138574 In my mind, the feds have been increasing the money supply, but it has only shown up in the equity markets. This would explain it's 50% overvalue (inflation.) And when, not if the equity markets go poof, that money is just plain gone.

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