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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

4:00 PM EST

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To: The Street who wrote (17692)	9/5/1998 8:13:00 PM
From: Enigma	Read Replies (1) of 116779

18 year down tread - an investor who plays the odds would like an 18 year down trend followed by three major tests of the bottom and a sharp reversal over the Dow which is now below its 200 day m.a. (it seems) with many key stocks also indicating technical breakdowns. Whether this is a short term rally or a rally to much greater heights hardly matters - in this time of monetary crisis it seems unlikely that we will see another test of the bottom. When gold really gets moving it moves by leaps and bounds - even when threatened by large official sales. I remember the US Treasury auctions in the 70s when 600,000 oz were offered at a time - it was like pouring gasolene on the flames. Also the funny thing about all this talk of an 18 year downtrend is that one can talk this way until $850 is taken out!! - maybe in 18 years time? So Don - you could have another 18 years of fun ahead of you? Possibly much less - how about 3 years (just a guess, could be 4!) E

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