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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: Zardoz who wrote (25074)	12/30/1998 11:31:00 AM
From: Enigma	Read Replies (2) of 116790

Hutch - before we proceed further along this track I should also point out to you that the CRB Index is at multi year lows. I guess you're trying to get me to say that we're in a deflationary spiral - or at least a disinflationary one? Save yourself the effort - I am aware of where we stand, but there has been much debate and correspondence on gold in deflationary times - in fact there has been strong positive evidence that gold (and particularly gold stocks) does well in such times. I also notice that you keep trying to paint me into the corner of saying that gold is going to go up in price. I'm not - it's just that I can't help attacking the certitude you show, in your dogmatic way, that gold is bound to go down. Maybe it will start going up now? It's possible you know. E

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