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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: long-gone who wrote (21930)	10/19/1998 10:54:00 AM
From: Richard Mazzarella	Read Replies (3) of 116762

Richard, <<lie this morning>> How about the pronouncements that the stock market is now safe for everyone to get into going higher? <VBG> Many people blame the 29 crash on lack of liquidity because of margin requirements which only required 10% real money. Today we have higher margin requirements for common, but people don't seem to have the faintest idea of the borrowed money that's in the hedge funds and security derivatives which nobody understands. If the smart Nobel laureates don't understand, who does? Maybe there's still many a house of cards ready to fall? IMO don't sell your "gold" just yet. <VBG>

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