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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: goldsnow who wrote (26293)	1/15/1999 8:11:00 PM
From: Bill Murphy	Read Replies (1) of 116764

goldsnow, Nicely written piece. Comrehensive subject and what I do all day, so I will express one thought. The psyche is one way today. And could very easily shift. Bottoms of markets are made when most think the same way. Most of the pro analysts think the same way. Defaults are coming. The credit spreads are widening. Liquidity will dry up - a credit crunch is on the way. The dollar will be stoned. The greed of today will be the fear of tomorrow. Gold will go from the outhouse to the penthouse. At least, I think so. Bill

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