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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.28

+3.8%

Nov 28 4:00 PM EST

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To: ForYourEyesOnly who wrote (21332)	10/10/1998 1:08:00 AM
From: PaulM	Read Replies (1) of 116790

Armstrong on Hedge fund troubles: "Forget about rushing to the metals...As reported on Reuters, the new German government will no longer oppose IMF gold sales....This will lead to more selling from other central banks" "Those who took issue with our computer models...will rue the day they ever bought silver" pei-intl.com One point conspicuously absent from this article: plays that HE recommended are now putting the hedge funds in trouble. Like for example short yen long dollar. Like his prediction that currency turmoil will negatively affect Europe first, and the U.S--the "core" economy--last. His statement that the Euro has been "blown off the earth mystifies me." Can anyone explain it?

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