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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: Alex who wrote (13611)	6/21/1998 6:13:00 PM
From: John Lacelle	Read Replies (3) of 116871

Alex, Thanks for the Galbraith post. I really enjoyed his book and its good to see that we still have a few people who were around in the 1930's to remind us of what can happen when the bubble blows. PBS has been running a fine series of historical documentary on the 1930's depression in the United States. The turmoil that could once again put the human race on its ear is lapping at our feet. I hope that the sturdyness of the United States and Europe can halt the kind of turmoil we have seen in Asia. As for me, I have already suffered through some biotech positions, and being long on IOM. For me, its just "back to work on Monday" sydrome. However, I wonder what will happen to those Baby Boomers that thought they were going to retire in about 3 more years with a couple of million in the bank? I would not venture to guess what they might do after the bubble blows... -John

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