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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

Dec 1 4:00 PM EST

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To: Don Green who wrote (17966)	9/7/1998 2:15:00 PM
From: Bruce McGaughey	Read Replies (1) of 116790

Don- We don't need a total collapse of society for the gold market to go up. Gold has been collapsing lately, due to a run on U.S. paper. When that imbalance straightens itself out, as it will when U.S. rates are lowered,gold will rebound to a more respectable level. Throughout much of modern history, one ounce of gold has been enough to buy a good man's suit. The price of a good suit today is about 600.00. Throw in the fact that The Euro will be backed, to a certain degree, by gold. Plus, gold goes up every three years ('87,'90,'93,'96....'99 ??) Gold should rise very soon. Better get on board.

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