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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: PaulM who wrote (15530)	8/9/1998 7:40:00 AM
From: Bobby Yellin	Read Replies (1) of 116779

" 3. Gold a long way off from a bull? Am sure of only this: a major crisis is dead ahead. There will be no "soft landing." That must eventually impact gold in a positive way. If there is a market meltdown..that could be the major crisis.." I have a strong sense that on this thread there are very conservative people financially who don't buy on credit and try to be extremely prudent..and have gotten skinned alive as a result of their prudence in an unprudent world.. All of the major crises ..especially all the currency debacles...the depressions in SE Asia..the realignments in power..blah blah blah and the upcoming year2000 have been predicted on this thread..so what happened? gold hasn't done anything except fall off a cliff and the dollar has zoomed upward... Wouldn't it be the biggest joke on us if gold will only move in the traditional sense when there is inflation If we have the Canadian government and the Australian government "denigrating" gold..whose logic is suspect? If we have analysts on CNBC "blaming the corruption of Asian governments" on the reason why people are starving in Indonesia for instance rather than big financial comglomerates flooding the emerging nations with liquidity and then pulling the rug..how can one fight the powers that be? If companies like ABX can profit with the forward selling of gold to lock in great prices and possible enter the piranna(sp) game and start swallowing up low cost producers when the bottom is reached..how can the gold investor fight the central bankers and big gold producers who have all to gain by the price continuing to fall? Who knows..with Russia collapsing and having at least supposedly 10,000 missiles..I can't remember a more dangerous period in my lifetime for the average citizen.. I also can't remember a more dangerous period in the sense that so much resentment around the world may be directed at the US..wonder how many allies we have lost in this stock mania period? Can't remember when financial speculation has destroyed so very many people's lives.. I do believe what goes around comes back big time!

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