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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

4:00 PM EST

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To: ahhaha who wrote (12684)	6/7/1998 1:22:00 PM
From: goldsnow	Read Replies (1) of 116791

I agree with most of what you said..Let's look at two possible scenarios..Asia does not recover (and I think it will sooner than many think) Let's even postulate that China is forced to devalue...than China would probably has to open massive infrastructure expenditures that not only it desperatly needs now, but also to avoid massive unemployment and social re-percussions..I therefore follow not only Oil but Base Metals (copper) as a barometer tremendous expansion that is on horizon...Gold would reflect that..The longer it stays down the bigger expansion POG is forecousting (or war to come

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