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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.98+0.6%Nov 21 4:00 PM EST

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To: Lucretius who wrote (11112)5/2/1998 5:25:00 PM
From: Crimson Ghost  Read Replies (1) of 116764
 
Lucretius: Your concise listing of the many reasons why this mania will end in disaster before long is a classic.

One other factor setting us up for the mother of all bears is the facile assumption by many professionals that they will be able to ride the mania up to the top and get out just before it all collapses. The market will find a way to take the vast majority of such players down for the count. My guess is that liquidity will dry up almost immediately when the turn comes.
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