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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: PaulM who wrote (13145)	6/15/1998 8:13:00 AM
From: Bobby Yellin	Read Replies (1) of 116814

exchange2000.com hard keeping track of Bill Murphy but here is another thread with Frank Veneroso's comments.. I thought about the 200,000 dollars per ounce..what irony..wonder if BRE-X had been on the level,long term that would have been bullish for gold since then there would be more gold to back up currency.. after that thought past,though well the world currencies could be backed by gold,silver and diamonds..(notice no mention of natural gas or oil..toooooo political)...just thoughts.. watching after this correction of blue chips,if small and mid caps will resume leadership and mutual funds will invest in domestic companies and wait for Japan to do something.. (wish I had more stockmarket history..don't know if there was a time when interest rates were so low and there was a bear..read that prices were going down before depression though-have no idea though if there was such incredible wealth generated by so many at that time to provide liquidity..also with the internet and superspeed information and more people able to be informed..if the bear markets will be much shorter) since interest rates are so low and will probably go lower,I think many baby boomers who don't buy the no inflation here mantra still won't want to put their money in bonds or money markets and will still throw money into the market..but maybe not into the index funds..also don't they the average person likes to get into hedge funds or buying put options..time will tell... if small caps and mid caps that are undervalued don't do anything price wise..I will become one terrified person

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