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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: banco$ who wrote (22763)11/9/1998 12:28:00 AM
From: PaulM  Read Replies (1) of 116759
 
Banco, thank you for that commentary. There has always been a strong First World v. Third World component reflected in the price of gold.

The First World has been on an eighteen year extended vacation. And by the look of recent strength of the dollar, the stock market, and Greenspan's and Rubin's comments, looks as though the First World thinks its safe again.

But look for lots of shoes dropping over the coming months. The markets haven't yet figured out the politicians have chosen inflation, as they always do.

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