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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Oak Tree who wrote (22208)	10/26/1998 11:31:00 AM
From: butkus	Read Replies (1) of 116759

Paul Okunieff - What people are willing to option for is enormously effected by the mood of the moment/day. At this point in time interest rate options are moving all over the landscape. I have some interest rate options that have increased from $400 to $3300 in 6 months. This highlights that what people think today is much different than what they thought 6 months ago. Likewise when gold is selling for $350 per oz & down from $400 per oz, it is easier to think that it might go to $450 per oz. than it is to think so now when it it is selling for $295 per oz.

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