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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: Jack Clarke who wrote (9888)	4/13/1998 7:45:00 AM
From: long-gone	Read Replies (1) of 116907

RE: market bubble Well, all their ducks in a row: 1.They changed the circuit breakers effective today. Now, the DOW can drop of 10% stops trading for one hour,20% drop stops it for two hours, & a 30% drop in 3 hours will close the market for the rest of the day. The percentage will be reset each month based on prior months closing #. 2. The market has turned far less anti precious metals. This is after months on end of very large volume of gold shares traded at only slight increases in price. They can now sell to those who will want the shares. 3. The (read as a done deal) merger of the NASDAQ & the American Exchange(so the NASDAQ boys can show a profit from a run to gold) during/after a 2700 point drop. AND to prove the bubble will break soon, 1. Financial mergers usually get very big & expensive during the last round. 2. Foreign money usually comes to the party "only when the band is winding down & there are only ugly girls left to dance with". AND, because of the Asian problems, the Fed can't "take away the punch bowl" even though the "party is rowdy & out of hand". You know how it will end, With a big drunken brawl, people could well get killed! rh

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