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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: Gabriela Neri who wrote (16768)	8/28/1998 11:48:00 PM
From: Terry Rose	Read Replies (1) of 116786

Gabriela, I enjoyed your post it's insightful and plausible. I also think Greenspan will lower short-term rates in the upcoming crash and it's nice to know that gold will benefit from this inflationary event. It is truly amazing the denial of the bulls out there especially when they say that the market is undervalued. What is scary is that they believe this garbage. Those who believe that the bond market is a safe alternative are being lead to slaughter. This current financial mess is finally on the public's radar screen. These novice investors are starting to feel some real pain as their paper losses mount. Once they hit a 15% loss they will get angry and begin to sell into a down market. Once the various mutual funds are down 25% some become insolvent and will also sell their shares to maintain lines of credit with banks. In my opinion Greenspan will intervene right before a 20-25% correction and we are already more than half-way there. Terry,

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