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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.34+5.2%4:00 PM EST

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To: Don Green who wrote (17356)9/3/1998 12:26:00 PM
From: George Castilarin  Read Replies (1) of 116767
 
Don, you seem to be missing the point here, this is the Gold Price Monitor, we are looking for sign of a change in valuation of gold. Gold does rise rapidly every once in a while, and a whole lot of money can be made on these runs. As for your point that gold has been going down for 18 years, NOT TRUE, it is valued about the same now as it was then, it has been touching some new 18 year lows in the last few weeks, but during that 18 years gold has realized significant highs.

Personally I have no gold shares at this time, but I am closely monitoring the situation, with a lot of highly appreciated help from the regular posters on this thread. I think we are near the bottom but not quite there yet. The young bloods on wall street and the small time investors haven't been spanked hard enough to realize that most stocks have been outrageously valued by their irrational exuberance. Watch out when irrational pessimism sets in.
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