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

To: long-gone who wrote (20310)	10/1/1998 9:26:00 PM
From: waldo	Read Replies (1) \| Respond to of 116764

Richard, these are exciting times indeed...the "Star Fleck" was asked by an interviewer who said: " the banks are down 40 to 50 %...is it time to buy back?" and he said..."it's not time for me!" LOL!...amazing that he is finally able to bloom...he reiterated..stay in cash and do NOT buy any tech stocks!(paraphrased) From Market Rap :" the bulletproof Nasdaq 100 was down more than 6 percent. This index is still up over 25 percent on the year, which is hard to believe. I know that we have seen a lot of carnage, but many of the large indexes are still up on the year. We still have much further go." "Metals mixed... Gold was strong and silver weak today. The action in gold is dramatically different than anything we have seen in quite some time. Gold has had only a small move, but a lot of the stocks have bounced pretty hard because they had been hammered so severely - and because the amount of available market capitalization in gold stocks is small, hence they have big moves. Volatility both ways is a fact of life with these stocks, so expect it" "We are going to be in for some very ugly sledding. My guess is that we will probably take out the summer low on the Dow real soon, followed by a serious panic. Then we may be in for a real bounce, but this is just a guess." stocksite.com W