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

To: Giraffe who wrote (17088)	8/31/1998 10:58:00 PM
From: Terry Rose	Respond to of 116798

Giraffe, Thanks for this post. Kaplan is my favorite internet analyst. The point about the dollar backing up against the rand was excellent. I am watching CNN's market plunge special and its attempt to calm down the sheep which is not going to help since even they are bearish. Forbes just gave advice that the slide in commodities and precious metals prices is a main cause of the market turmoil and needs to be addressed. The re-entry of the dollar to the real world should help. As this thing plays out the dollars drop is the probable solution to preventing a sustained bear market. At any rate Michael Belkin wrote an article a few months ago which stated that in a market plunges it will bounce near the 200 moving day average. The drop should be in the neighborhood of 38.5% decline from the market top. I bought some more gold stocks today in one of the blue chip golds. These have become ridiculously cheap. CNN is beginning to wrap up their stock plunge special and are delivering the mantra of being a long term investor. People are concerned but not selling. Give me a break. Somebody sure was selling today. Terry,