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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: robnhood who wrote (11237)	5/4/1998 7:42:00 PM
From: Serge Collins	Read Replies (6) of 116770

Gold Bugs. I find gold bugs to be at once, the most optimistic and the most naive people on earth. Why don't you folks just give it up and come down from the hills to join the real world. The euro has been introduced and the end of the world did not come and gold is not going to $400 an ounce let alone $800. The Asian crisis barely registered a ripple on the economic richter scale and gold has continued to slide and will continue its downward trajectory until it reaches a price commensurate with its industrial value. Now before you go and shoot someone for expressing such blasphemy, you should look at the recent past and see if gold has done or acted in the manner that it was supposed to in relation to events unfolding in the world. It's obvious that whatever correlation might have existed between world events and economic developments in the past no longer holds in todays world. Remember, there are many fine investments in the world if equities are not your taste, but surely gold is not now, nor will it be anytime soon, one of them. Good luck.

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