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Gold/Mining/Energy : Gold Price Monitor
GDXJ 136.89+6.5%4:00 PM EST
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To: Bobby Yellin who wrote (7427)2/10/1998 7:22:00 PM
From: Crimson Ghost  Read Replies (2) of 116972
 
Bobby:

Still think this is the final blowout in stocks. Dow should peak in the 8500=9000 range by mid-March. Small cap rally is another sign we are very late in this paper bull. But I'm not complaining since my biggest position is a small cap fund.

My strong hunch is that financial assets will peak very soon after US bombs Iraq. Gold probably will decline somewhat when that happens. Clinton's buddies on Wall Street \(many of whom are beating the drums for a US attack) will do their best to give Bill a resounding vote of confidence. But it's all downhill from there for financial assets, and the gold bull will then begin in earnest. I suggest that gold investors wait until the US attacks before adding to positions.
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