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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.44-1.2%Nov 14 4:00 PM EST

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To: Bill Murphy who wrote (19617)9/24/1998 12:11:00 PM
From: Alex  Read Replies (2) of 116762
 
Thanks for the heads up Bill. You otta sneak over here more often : - )................

Interestingly, Easy Al decided to make this announcement on a day when Long Term Capital, a large hedge fund partially run by ex-Fed vice chairman David Mullins (a master of the universe and buddy of Al's), in essence blew up. They had about $5 billion in capital and they supported about $100 billion in assets. The firm lost over 40 percent in August and TODAY appears to be bankrupt. The reverberations from this debacle will be felt for a while.

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