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Gold/Mining/Energy : Gold Price Monitor

GDXJ 118.97

-0.9%

Dec 24 4:00 PM EST

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To: Bobby Yellin who wrote (16839)	8/28/1998 8:46:00 PM
From: bobby beara	Read Replies (1) of 116824

Hi Bobby, how are ya! digisys.net The $USD is in Big Kahuna land and the XAU is showing a MAJOR CAPITULATION BOTTOM HERE. ABX a fully hedged seller of gold and profitable co. is being thrown out with the bath water at $13 per share. We are very close to a bottom (ya i know I've been call a bottom since late May -ggggggg- throw me out with the bath water too -ggggg-) When gold hits bottom and reverses it will be much like an amplified January reverse, fast and furious. I don't believe we have seen any real fear enter the market yet - major complacency will send this market much lower. Fear is a much stronger emotion than greed. Gold stock holders are positioned well ahead of the game. bb

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