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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: Alex who wrote (5644)	1/11/1998 8:31:00 PM
From: goldsnow	Read Replies (2) of 116762

Re" "Another plus Manipulation Theory" If one subscribes to the theory that market predict events that are about to unfold (say 6-12 months from now) than any short-term manipulation by rich and powerfull would only exacerbate intended result or is already factored in. IMO rise in commodities should preceed recovery in Asia by 6-12 months, the fall below support level would indicate move toward World-wide recession. The bond market possible move toward negative spread would possibly mean really bad recession or depression. William Jepsen and you often allude to Gold being manipulated. I can accept any short-term manipulation as a fact, however in my mind market propelled dollar/depressed gold on anticipation of what is now became obvious-Asia Crisis-deflationary forces. Now if dollar is "allowed" to get to the new high (by market) that would forecast "terrible" things to come. Gold is IMO at the bottom- If one accepts 250-280 range as such (non-withstanding any short-term weakness) not really important 12-18 months from now, even less if conventional example of the stock dropping from say 15 3/4 going to 14 and rebounding to say above 60.

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