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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.23

+0.6%

Dec 16 4:00 PM EST

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To: long-gone who wrote (10103)	4/17/1998 12:18:00 PM
From: Lucretius	Read Replies (1) of 116815

Richard, no problem. I have a pretty thick skin. Just saw no point in being where I'm not wanted. :) Grain prices: I think higher food prices in the coming months are a given after El Nino. The warmer than usual summer that usually accompanies El Nino should also do some damage to crops. Throw in higher petroleum costs from OPEC reductions and a colder winter (not to mention higher natural gas prices simply due to under production and RR problems in shipping coal let alone the increased emand we're going to see from the bitter cold that should follow El Nino). Add in tight labor and the recent rise in gold..... and I think you've got an excellent case for a rise in interets rates which should benefit gold greatly. A little mkt crash on top of that (mkt is in mania phase IMO w/ a 1-way ticket to disaster), and I think an excellent case for gold is made. IMO Noticed some here discussing oil and gas. I'm heavily involved in the oil services sector (have been for about 3 yrs) Thes stocks (while not cheap) are dirt cheap compared to the mkt. Earnings growth will cream the mkt in the coming qtrs--- (even those nutty internet stocks (ggg) Good luck! -Lucretius

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