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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: E. Charters who wrote (21278)	10/9/1998 4:38:00 PM
From: Zardoz	Read Replies (4) of 116753

"I am feeling 330 dollar gold in two weeks. I don't see the market as being able to sustain the rally. Fundamentals aren't there." Which fundamentals: GOLD, currency, market, rates. It is possible that all that we seen in the market place is the covering of one hedge fund. And as it spreads out, the volatility hits each and ever sector. Last week GOLD, this week currencies. Maybe next week drugs. Have high techs really been hit yet? Remeber I posted Maximum: XAU=87.5; POG $305.6, next week it'll make it's double top. For those weak in the stomach, THIS RIDE IS DANGEROUS.

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