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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: long-gone who wrote (10416)	4/23/1998 12:07:00 PM
From: Zardoz	Read Replies (5) of 116759

"If even 10% of the money was getting frightened into gold, we would see a POG of $950. The crash of '29 almost no one stepped up to buy - FOR DAYS. I'll believe it is over when they shut the market for the 2nd day in a row after only a couple of hours trading." It's my understanding that during the 1987 stock market mini-crash, VERY FEW people bought Gold & Gold Stocks. So what makes you believe that scared investors would run the price of gold up? Only if the crash was directly related to a currency crisis would you be correct. As it happens, many; me included; belief that the currencies are not in a steady state. And even Japan has tried to push it back. PS: I still see the dow going down to 6300... By End of JUNE

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