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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: long-gone who wrote (32727)4/29/1999 12:24:00 AM
From: Peter Neidhardt  Read Replies (1) of 116760
 
<<< OK, next question, Remember just a few of months ago? every "investment advisor" of any "worth" stated that gold was in a non-reversible down-trend which would end with a POG of $30-70. You remember just a "monetary relic". "More supply than the world would ever again need". I called severalon radio talk shows they told me at POG $274it would never again move up & every dollar in gold or it's producers was "dead or wasted money". >>>

Even better Richard, 4 months ago analysts and "experts" were saying that the energy sector was going nowhere in 1999. Oil stocks were to be the laggards of the market. Look where the price of oil is and the energy stocks now!!!

Goes to show you how sentiment can change literally overnight!

Pete
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