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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: goldsnow who wrote (22454)	10/30/1998 10:47:00 PM
From: Little Joe	Read Replies (1) of 116762

goldsnow: Thanks for the post it is interesting. As I watch this unfold it is amazing. It appears that at least temporarily strength has returned to the stock market and a likely test of the highs appears in the offing. In the meantime the XAU, a precursor to gold in the past, has refused to give much ground. The picture is very confusing, but it appears clear to me that the powers that be will support the economomy with as much liquidity as they can. The problem of course is the added liquidity will bring inflation. If it does not then things are worse still, because if liquidity does not bring inflation, it means things are to far gone, and we have a depression. I must say that I don't see a happy resolution as an option. This I do believe more and more and that is that this will not resolve itself nearly as quickly as I thought. I think the markets top may take as long as two or three years. At least that is what I think tonight. Who knows what I'll think tomorrow. Live long and prosper, Little joe

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