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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: Enigma who wrote (34499)	5/25/1999 6:41:00 PM
From: Ken Benes	Read Replies (2) of 116790

Double D: We are making 20 year lows, that is pretty significant. Finding support at levels reached 20 years is difficult at best. John Bollinger was on CNBC and using long term charts, he believes gold is leading the long bond lower. He is of the school that we are still in a deflationary environment. This board is of the mindset, that y2k will provide a significant amount of dislocation to the world economy. If that thesis proves correct, Bollinger may be right in his disinflationary theme. y2k choas in the developing nations may reignite the currency problems of last year with all of its economic impact. Ken

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