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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: Terry Rose who wrote (8810)3/25/1998 6:53:00 AM
From: Crimson Ghost  Read Replies (1) of 116759
 
Terry: If earnings quality really is deteriorating as much as Barton Biggs asserts, then that 27.8 P/E is even more ridiculous. I am not going to be foolish enough to try to predict exactly how high this bubble will go before it bursts. But does look like time is running out.

Once the small caps join the party in a big way, the bull's days will be numbered. And once the bubble does burst, Gabriela's target of Dow 6000 looks like a realistic downside objective.
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