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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.93+0.8%Jan 9 4:00 PM EST
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To: RagTimeBand who wrote (25747)1/10/1999 9:31:00 AM
From: Enigma  Read Replies (1) of 116845
 
Re: Abby Cohen - I'd never seen her before, and woke up in the middle of her appearance on WSW. She is so utterly ordinary, reassuring, and credible, and right (so far) that you can see why she has such a following. As you say she is now focused on liquidity in what she says and it's hard to argue just now - it looks as if the market is running at 10,000. I wonder what external event might upset things - for example if the Senate Trial turns against Clinton - however the market is betting NOT. In this euphoria I suppose it's possible for gold stocks to do well - there seems to be some sign of life recently. The other event which could derail the market would be an increase in rates - if the market becomes utterly crazy (as if it isn't now) AG may be forced to act - to prevent a greater crash later? E
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