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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: bobby beara who wrote (12477)	6/1/1998 9:32:00 PM
From: Terry Rose	Read Replies (2) of 116791

bobby, When I first started investing in gold I did it primarily to benefit from a stock market crash. I felt that if I either bought physical gold or the right gold mining stock that I could sit back and wait for the inevitable implosion of the stock market bubble and gold would benefit some way from this chaos. I still feel this way and purchased some more of my favorite gold stock this afternoon. The stock markets around the world are correcting and the resulting loss of wealth is starting to create a global recession which leads to more stock market losses in a vicious cycle. Even the U.S. stock market is cracking and when it goes things will get hectic here along with a drop in the dollar due to sales of dollar denominated assets. Where will the money generated by sales of our stocks go? I think it goes into the German mark especially if they raise rates before the U.S. or Japan. I think that this is the last opportunity to buy gold below 300 for a long time. Since the price is below the cost of production the downside risk is fairly limited. Thus the risk/reward ratio is in my favor. Terry,

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