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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: Henry Volquardsen who wrote (13874)	6/29/1998 9:16:00 AM
From: Gabriela Neri	Read Replies (3) of 116767

I wholeheartedly agree that it may pay to be contrarian with regard to the Japanese situation. After all, hardly a layman on earth is now not aware ot it and towards bottoms it is ALWAYS difficult to see any hope. Therefore, I think the odds are we dont see collapse but rather a turning around after putting in a final bottom. This would not be good news for the market in the US, as it would reverse many factors contributing to our excess liquidity conditions.

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