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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.74

-1.2%

4:00 PM EST

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To: Bucky Katt who wrote (7779)	2/22/1998 1:18:00 PM
From: Eashoa' M'sheekha	Read Replies (2) of 116836

James Dines The Insurance Salesman? I get your point William.I agree with the theory,but not being a salesman type,I find it difficult to site the extremes to make a point. I was doing lots of eyebrow raising when the gurus were calling for a 60 and 65 cent Canadian Dollar.What could they have possibly been using to come up with those figures,when an average Joe like myself had a fairly reasonable handle on the underlying fundamentals.As the flight to safety cries became louder and louder with the US Dollar being sited as the " ONLY " safe instrument,I couldn't help but having a good laugh for myself. The ongoing cries for interest rate hikes here, both at home and abroad,were also a sign of poor understanding of the underlying fundamentals.We did get a small rate hike,but it was an overblown situation in times of crises that corrected,as well as the real strength of the economy that pushed us back over the 70 cent mark. Thus,the BOC was correct in not raising rates a second time,likely knowing what lil ole folks like me knew all along. PS:I see the Princeton Eco. GURU is wrong three out of three so far. TaUrUs

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