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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.20

-0.4%

Dec 18 4:00 PM EST

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To: Crimson Ghost who wrote (12554)	6/3/1998 9:47:00 PM
From: Terry Rose	Read Replies (2) of 116815

George, In a market meltdown or a protracted bear market I think that the federal reserve will lower short-term rates and crank up the printing presses to prevent the resulting deflation that will occur if they are not successful. The inflationary implications of this action should light up the gold market as the dollar falls and long-term rates rise. If not successful then we will get deflation and gold probably will go down initially. What gold does later has been studied during previous eras of deflation and in the past has done quite well. All being said whether or not one should be invested in gold or other markets depends on timing. Since we now have a triple bottom in gold I think it's a good time to own gold. Terry,

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