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Gold/Mining/Energy : Gold Price Monitor

GDXJ 100.15

+0.3%

Nov 25 4:00 PM EST

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To: philv who wrote (7204)	2/3/1998 10:56:00 PM
From: Terry Rose	Read Replies (1) of 116765

philv: I look at this temporary pull back as an opportunity to buy certain gold stocks, although most of my positions stayed about the same as yesterday. I don't know about you, but I am starting to feel encouraged for the first time in about a year and a half. Charles von Arentschildt the head bullion trader for Deutshe Morgan Grenfell, one of the central bank community's leading bullion bankers, predicted on January 20 that we were within 10% of the bottom in the price of gold. He also predicted that the EMU would have a minimum of 10% gold level backing their reserves, and that at that level there would be a powerful rally when it was announced. Excerpt from recent copy of the Gold Newsletter. Terry,

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