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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (14668)7/19/1998 12:22:00 PM
From: bobby beara  Read Replies (3) of 116764
 
George I've been puzzled by the divergence of the xau and the n225, but when you look at the rally in Asia, it's just like our market very narrow - ONLY Hang Seng and N225.

I think gold will have another reason to move. I believe that the dollar will come under extreme pressure from the growing trade imbalance and there is a great possibility of further devaluations in Asia.

I think when gold moves it will be quick and will be hard to time. I'm just buying and holding. I believe we are pretty close to a bottom. When/if our market dives (so will $usd), fund managers will be running crazy for the safety of gold issues and because there are so few of them they will behave like internet stocks.

bwdik,
bb
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