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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: Mike McFarland who wrote (18576)	9/12/1998 12:30:00 PM
From: goldsnow	Read Replies (1) of 116790

Mike, buy low always mean you buying a distress industry or company...or worse distress market...If you can be sure that "good" company can survive crisis it will likely come back...To average down an investor has to have either guts or conviction (preferably last if based on Research not hot tip, and we do not offer any tips, as you know) Now every industry in distress is ripe for consolidations..one can win big even if the rest go down a little while longer..More so consolidations are signs of the bottom... if you believe in much maligned Gloom and Doom scenario-Gold is for you...If on the other hand you believe in Market 10,000 and return to Dollar Dominated Prosperity (God help you)...stay out...while longer...As for Russia in general....you are joking right?

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