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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: John Mansfield who wrote (28183)	2/13/1999 5:19:00 PM
From: Hawkmoon	Read Replies (3) of 116764

To put part of your money into gold is not unwise nowadays. The downside is not too steep; upside in a Y2k turmoil might make it a good investment. Also, no worries on banking closures. John, You make a good point. I'm certainly not against putting some assets into gold so long as you can feel somewhat confident that its downtrend has shown substantial signs of bottoming out. I think the argument could be made that we're seeing bottoming at these levels, minus selling by CBs into the open markets. But a stabilized market doesn't make anyone money. It just maintains the value of that wealth. So in the meantime, many people are looking to see where else they can make a little profit, while watching the price of gold for signs of financial problems. I consider myself one of the latter. But I remain mindful that CBs basically hold all the cards when it comes to the ultimate price of that shiny metal. Regards, Ron

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