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Gold/Mining/Energy : Gold Price Monitor
GDXJ 90.47+0.5%Nov 6 4:00 PM EST

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To: Ed Pittman who wrote (8857)3/26/1998 12:42:00 PM
From: Bucky Katt  Read Replies (3) of 116752
 
EP--What is special on Monday? Also, it seems 99% of the current "prosperity" most seem to be enjoying is all done with borrowed money.
How many people do you know that can come up with $10k, in cash, in 24 hours, without borrowing it?

Most of the people I know in the market have now become very greedy, and have never taken a dime of profit out. On the contrary, they have margined themselves into a real Ponzi scheme. It has been a brilliant
strategy, but when/if it stops, it will be ugly.

I see the shift in sentiment towards the metals starting soon. Maybe as I write this.

Look how just a few weeks ago the "experts" had proclaimed the death of crude!
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