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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: Gabriela Neri who wrote (15227)	8/3/1998 7:52:00 PM
From: Crimson Ghost	Read Replies (1) of 116762

Gabriela: If bonds and the dollar stay strong and gold remains in the doghouse, market will probably rally sharply once Dow gets to the 8300 area -- where the previous breakout occurred. Frankly I am amazed by the willingness of foreigners to continue bidding up the greenback in the face of our huge and widening trade deficits. I don't know what will trigger a paradigm shift, but I'll know it when I see it. And that will be the time to bail out of stocks and bonds long-term and load up on the yellow stuff and the miners. But who knows how low POG will go before this happens.

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