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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: goldsnow who wrote (25224)	1/1/1999 3:38:00 PM
From: Rarebird	Read Replies (1) of 116764

Gold is a time bomb that will explode to the Upside as we approach the year 2000. Factors contributing to the rise: 1) The Asian crisis moves to Latin America this year. Brazil is on the brink and will take all of Latin America with it. 2) Russia defaults again. 3) The Euro puts great downward pressure on the dollar as the year unfolds. China is just waiting to stick it to the U.S. by transferring a good portion of their U.S reserves into the Euro. Their looking for stability in the Euro first. 4) Japan is no longer buying their long bond. Yields will continue to rise, putting pressure on the U.S. long bond. 5) Big Y2K problems globally, affecting our banks and brokerages. We are in the midst of the last great stage of this 16 Year Bull Market. The Speculative froth is without parallel. Comments by Don Green that Gold is headed much lower and that we are in a new era and this time it is different, are indicators of a major trend change coming sooner than one thinks. Perhaps one last final washout. But count on much higher prices in the POG by this time next year

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