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Gold/Mining/Energy : Gold Price Monitor

GDXJ 112.58

-1.5%

Dec 15 4:00 PM EST

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To: Alex who wrote (12391)	5/30/1998 12:40:00 PM
From: Crimson Ghost	Read Replies (1) of 116815

Alex: Thanks for the Lester Thurow quote! The long-awaited gold bull cannot begin until all key US financial assets -- the dollar and bonds as well as stocks -- enter sustained bear markets. Impossible to predict just when this will happen, but happen it will. Until then gold and gold stocks probably will remain a trading range. Something like $285-$320 for bullion and 65-100 for the XAU. Note we now are much closer to the bottom of the range than the top.

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