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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: Gary H who wrote (18522)	9/11/1998 4:13:00 PM
From: Alan Whirlwind	Read Replies (1) of 116898

Gary, CNBC just had on a couple of interesting guests. One was market analyst Jerry Favors who's predicting a rally to 8100, then a retest of 74 to 7500 area. He expects the retest to fail and a significant low to occur in October. Then a rally from there and what may be the final low next March. 40 to 50% decline from top predicted. A second guest pulled up a chart on world dollar liquidity which showed a similar pattern now to the 1973 timeframe that led to the bear market back then. Liquidity has fallen from 12 to 15% through the 90's to -4.6% at the moment. --Alan

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