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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: PaulM who wrote (17918)9/7/1998 2:03:00 AM
From: Don Green  Read Replies (1) of 116779
 
>In either case, I'd have to hold on for the longer term. It would historically unusual if the 18 year bear to which you referred never ended. I still believe ALL things go in cycles. Even gold (weak as it may look) and even the DOW (strong as it may have looked).

Totally agree, but that could have been said 8 years ago when it was at $500 est??? My point is maybe it will be flat to down for another 5-15 years??? What kind of gain would you need after another 10-15 years to justify holding whatever percentage of your personal wealth in Gold even as a hedge.

regards
Don
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