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

To: Gabriela Neri who wrote (4501)	12/19/1997 9:09:00 PM
From: Bill Grant	Respond to of 116753

Gabriela, Your thinking here is sound, and that was a very good post. To be honest, I haven't made up my mind yet whether inflation is overstated or understated -- and that is a critical point. Holman Jenkins wrote a very good piece in the Wall Street Journal Wednesday that makes a very good case for those who claim inflation is understated. I don't entirely agree with him, but there is enough meat there to make the argument. I have to tell you though. I called $338 POG as a low, and I've been blushing some ever since. Regards, Bill

To: Gabriela Neri who wrote (4501)	12/19/1997 10:28:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 116753

Gabriela, Wayne Angell was interviewed by Dobbs on CNN Tuesday evening and said that he expected the price of gold to move slowly to a bottom of $260.00. I think he said he expected it to bottom in the first half of 98. Regards, Larry Smith