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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Jim McMannis who wrote (34511)	5/26/1999 6:53:00 AM
From: long-gone	Read Replies (2) of 116777

<<The idea that gold stocks are some kind of hedge against a market collapse is a fallacy. I would expect gold stocks to do better than internet stocks since they are already oversold. I think there is a good possibility we will look back in a few days and the DOW will be a thousand off its high.>> Yes, I agree, CNBC was saying something about margin calls yesterday as I left the house. Futures (broad market) are much higher as I write, but many report thinly traded. I looked back, and looks like 3/4 of history when market had a problem gold stocks did also, though the metal fell only 1/2 the time.

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