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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.64+1.2%4:00 PM EST
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To: Zardoz who wrote (16805)8/28/1998 1:19:00 PM
From: long-gone  Read Replies (1) of 116815
 
What did they say, I was at an interview. Don't bother looking up the old post.
And as to deflation,gold price, and the Fed. I suspect Greenspan(but only him) would rather see up all invest in bullion than in overpriced(?) stock. Though there are beggining to be a few issues(other than metal) out there I could(almost) look at.
No, they will not drop, not now, that would just pump money back into the market. What they need to do is increase margin requirements - by a bunch! and print $$$ but increase interest rates.
rh
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