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Gold/Mining/Energy : Gold Price Monitor

GDXJ 134.74

-0.9%

Jan 21 4:00 PM EST

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To: Richard Mazzarella who wrote (11099)	5/1/1998 11:55:00 PM
From: Terry Rose	Read Replies (1) of 116898

Richard, My trading plan is to make money in gold stocks first and later go into the physical metal. Gold stocks are outpacing the price gain in the physical metal substantially. I think the gold stocks will weather a stock market correction since they have already had their correction and are very undervalued. I plan to buy the dip and add to my favorite gold stock. Portugal in my opinion put out a trial balloon and 15-20% gold reserves can be considered the low end of the upcoming European Monetary Union's reserves. Privateer suggests that gold reserve requirements in EMU will be set this weekend. Can this be confirmed? I thought it was in June. Terry,

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