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To: cAPSLOCK who wrote (18902)9/15/1998 2:31:00 AM
From: Bexar  Respond to of 116759
 
I really thought that the DOW was going down big time on Monday.
I don't know about others, but I think it's on the edge.

Just a guess but I believe gold will retreat a little the next few days, then jump for $300 later.


What is the possibility of Russia using gold to back their currency?
What other ways can gold help the world economies?



To: cAPSLOCK who wrote (18902)9/15/1998 2:40:00 PM
From: GVC  Read Replies (1) | Respond to of 116759
 
me thinks if gold was going to correct much at these levels it would have done much more to the downside by now, so i am inclined to believe we could see a continuation of the current rally phase before a meaningful correction. BUT, one caveat is options expiration week, which usually screws up any form of prognostication >:)