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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: The Street who wrote (28454)	2/17/1999 7:23:00 AM
From: long-gone	Read Replies (4) of 116861

<<Gold stocks will plunge with the overall market (margin calls, panic, etc.). I then buy quality Producers as well as well financed Juniors and some well managed Explorers. I already have 50 or so on my radar. I will also take a 10% stake in physical gold via Swiss depositories.>> I believe you will find that there have been times (In history) when there was a lag in the price of producers after the POG move (and also the other way around). That is why it was noted "History does not repeat itself, but it does rhyme". What I did was "pick a price & wade in". Though I believe we have ween POG bottom, wished I had averaged in better & slower. But, PLEASE DO NOT take this as advice, just something you might want to check the history for. rh.

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