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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Bobby Yellin who wrote (11062)	5/1/1998 2:17:00 PM
From: long-gone	Read Replies (1) of 116954

Bobby, I'm not that good at all this stuff either. I think this lower gold cost must be the last gasp of a dying bull. Yes, the matador has entered the ring. The bulls problem now is he has fought & beaten many a good matador of late. Now, Without the money for the IMF this year, If Greenspan moves, there is more than a slight risk of a world wide economic collapse. If Americans can't but Hundais & Sonys(as McDonalds no longer needs the american workers) and there is no american IMF money the far east will fall. The only choice Greenspan will have is to run those presses on W.F.O. Gold south today? Big - Big market. Lots of money to short gold with. When the EMU comes in & the dollar is devalued, I'll bet oil,gold,&silver will not be devalued.Even if there is only a 2% down move in the dollar there will be dead bulls in the street. And devalue the dollar they must. Members of the Dow which reported currence related profit problems? I think it was 18! They won't keep the dollar here if it means the end of everything they love. rh

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