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Gold/Mining/Energy : Gold Price Monitor

GDXJ 142.13

+5.5%

4:00 PM EST

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To: E. Charters who wrote (18069)	9/8/1998 3:51:00 AM
From: E. Charters	Read Replies (1) of 116900

As a matter of fact while I am on a roll. All commodities are of constant value. The value never changes unless the supply changes. Since the supply factor is only a temporary out of balance, only a fool would sell commodities as they fall in price. If you haven't been buying gold and gold stocks this last year then you believe that the net stocks on the US market are properly valued and the earnings of all the tech stocks in the US will continue to rise. Well if you believe that tell me who is the buyer? China? Japan? Canada? What are the facts? Did the 500 point correction of the market happen because Russia intended to default on loans? Or is their some deeper underlying reason? The facts are people don't flee the market unless there is a cash crunch at home. That is the primo reason. And this cash crunch will continue until November. About 15% to 20 % of the money in the US market is stage left by Christmas. The market forces are the great unwashed new US investor. He is not his 1929 counterpart. He needs household cash thank you and he will take the 300 billion he needs and go home. This is going to be an awful shock. And it will happen. mailto:echarter@vianet.on.ca

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