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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: goldsnow who wrote (11150)	5/3/1998 11:37:00 AM
From: Crimson Ghost	Read Replies (1) of 116762

Some smart people now are "cynical bulls". Their reasoning -- Clinton cannot survive a bear. Therefore there will he no bear as long as he is in office. Billy and his team are invincible. Despite hideous overvaluation the market will continue to surge for years to come. People who think like this have done very well in the market but will trap themselves in the end methinks. Gold provides the key to recognizing the end of the stock bull. If gold stays flat or declines when stocks correct as has happened many times to date -- best to buy the dip. But the day stocks get smashed while gold surges will be the day the grizzly begins.

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