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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: Terry Rose who wrote (8990)	3/28/1998 10:27:00 PM
From: Crimson Ghost	Read Replies (2) of 116762

Terry: I'm very bullish on gold and expect $350 before too long, but am not counting on a Japanese announcement sending the yellow into orbit next week. The daily quotes and market report has spread many rumors in the past -- some true and some not true. We will have to wait and see. BTW, I do not think the stock market is in any real danger (brief sharp corrections aside) until gold hits the mid 300s and small caps take off. My best guess is a peak sometime this summer followed by the father of all bears.

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