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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.64

+1.2%

4:00 PM EST

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To: Don Rohner who wrote (15964)	8/16/1998 7:20:00 PM
From: C Hudson	Read Replies (1) of 116815

Don't forget that Goldman is going public in October! The partners want to make millions on the IPO. Now if you were one of the largest investment firms and your chief analyst was screaming "Bear", it doesn't sound too good, does it? So Abbey's got to keep up appearances (remain bullish) until then. Also, many of the big clients may need time to get out of the market and Abbey has some weight. While her bullish comments havn't propped up the market recently, if she screamed Bear, the market would drop. When Ralph Acompora of Prudential turned Bear, the DOW dropped 300. It's all to protect the Big Boys, and the interests of the partners at Goldman's.

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