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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

4:00 PM EST

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To: Gabriela Neri who wrote (8566)	3/20/1998 10:55:00 AM
From: bobby beara	Read Replies (1) of 116762

Gabriela, I expect the equity bull to have a blow-off top, fueled by foreign money seeing a rising dollar. (remember the Japanese bought right at the top of our real estate bubble in the 80's) After seeing the post about the German aristocrat accumulating and the rumours of EU gold backing, I would think that the powers that be will want to quash this rally with everything they've got, so they can accumulate more. America has a gashing hole in it's side, with unprecedented debt and a President who can't keep his pants zippered while the world is in turmoil. Europe his a rich history and knows what a real store of value is, while we've become fiat worshippers. bobby

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