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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: GOLDFINGER who wrote (6714)	1/25/1998 1:34:00 PM
From: Crimson Ghost	Read Replies (1) of 116759

Bobby: Frankly I am quite uncertain what gold will do next week, except that it will be EXTREMELY VOLATILE. But I am 90% certain the lows are in and a new SECULAR gold bull is being born. I have a substantial position in gold mutuals already and plan to buy a lot more on reactions. But far too early to chase strong rallies in my judgement. The best technicians at KITCO anticipate a rise to $315-320 in the near future followed by a steep reaction. If we get to these levels I will be exiting my position, looking to repurchase at lower prices.

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