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Gold/Mining/Energy : Gold Price Monitor

GDXJ 134.74

-0.9%

Jan 21 4:00 PM EST

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To: butkus who wrote (17524)	9/4/1998 5:16:00 PM
From: goldsnow	Read Replies (1) of 116898

>>> Gold will test its low again within 3 weeks. >>> May be not. Agree with Richard Gold is Money..but even more-it is quality money...What is happening now is that Mr. Market in its wisdom is telling us that dollar is not going to do well. Why?..usually it is a "mistery tour" (reason good enough in itself to have some Gold)but hardly so now....Yeltsin on a brink of stepping down for "health reason"...Clinton same..for the same eason (mental health naturally)....Latin America is not going to sell coffee to Alex anymore for that low price...and accidently oil is no good substitute for cofee..except it is also will go up....What is there other than uncertainty that would help Dollar....May be Ms. Cohen knows...but she ain't explaining..... As for technical picture..we'll see wwhat Bobby Beara sez...but there is not much resistance once 300 cleared..we will go to $320 in a heart beat....Now if Mr.Yeltsin and Mother Russia will obliged Market.. than Bull in Metals is under way..and it is no telling where we'll end-up...

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