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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.80+0.9%Nov 19 4:00 PM EST

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To: goldsnow who wrote (14638)7/18/1998 5:42:00 PM
From: Crimson Ghost  Read Replies (2) of 116764
 
Goldsnow: I remain convinced we will see a huge gold bull in the not too distant future just as we will see a major stock bear. The current situation of US and European investors profiting from the misery of hundreds of millions of Asians and the persistent screwing of their own workers cannot go on much longer.

But the short-term outlook looks bad. The fact that POG didn't improve much on this latest Asian rally shows severe technical weakness. When something fails to respond strongly to good news, the odds are it is headed lower. New lows for POG and a selling climax in the gold stocks look like a good bet before this grizzly is put to pasture.
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