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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: Bill Murphy who wrote (26564)	1/20/1999 8:02:00 PM
From: Gord Bolton	Read Replies (1) of 116837

Another great article, Bill. A trade that will make a man a good living will cease to be profitable if everybody in town does the same. The short positions on gold amount to nothing other than a reverse sort of pyramid scheme. And like all such schemes, they eventually break down. Better to be the first one in than the last. And the same will be true when the trend reverses. They will do their best to manage an orderly retreat, but chances are they will break ranks and gold will get it's run. It is almost inevitable. Even if they try to manage it up by ten cents per day, people will note the trend and jump on board, grabbing that last little bit of cheap gold available and the orderly retreat will turn to disorder, breaking ranks and a rout for the goldbugs. Every dog will have his day and they have been waiting a long time. Remember, unlimited demand for gold and silver coins with the year 2000 stamped on. They are collectors items as soon as they are minted.>>>>

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