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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (4357)	12/16/1997 8:22:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116753

"Bull market cycles have a usual lifespan of only three to three and a half years, and he puts the current bull market's birthday around the end of 1994. That means after consecutive gains in 1995, 1996 and 1997, next year could spell trouble. " biz.yahoo.com Gold up $3 in Asia, Japanese did not impress foreigners

To: Bobby Yellin who wrote (4357)	12/17/1997 8:59:00 PM
From: Mark Bartlett	Respond to of 116753

Bobby, <,No..I think it is because of all the lemmings..who so far haven't drowned.>> I read the other day that mutual funds makeup 50% of the total capitalization of the NYSE .... in the past when the markets looked shaky and we had Joe Average margined investor, he/she would have headed for the hills a long time ago. Today we have these mutual funds (with OPM) ... they are not margined, likely have all agreed among themselves to "stand pat" .... advise their clients they are "in for the haul" ... and all the rest of the hackneyed garbage we hear on every commercial .... they feel they are doing their clients a service (NOT) .... when the S&^t really hits the fan, look out. Sooner or later one of them will blink - and the finger will be out of the dike. MB