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

To: Bobby Yellin who wrote (29882)	3/13/1999 6:08:00 AM
From: Elsewhere	Read Replies (3) \| Respond to of 116762

As Financial Uncertainty Increases, A Case Is Made by Some for Gold The Wall Street Journal Interactive Edition March 12, 1999 By JENNIE JAMES, special to THE WALL STREET JOURNAL interactive.wsj.com

To: Bobby Yellin who wrote (29882)	3/13/1999 8:42:00 AM
From: Enigma	Respond to of 116762

I'm not worried about Hutch - I think he's old enough to take care of himself even if he is a tad sensitive to say the least. As for gold - I've noticed, that with very few exceptions, that it's only the bears or negative ones who make predictions - with great confidence I might add. Hence Hutch makes confident predictions of gold falling to (almost) an exact price - and so far as I can recall (or can be bothered to) he has never been right - although to be fair he was right about the Euro. But I do like pricking balloons - especially when they're filled with hot air - and reek of certitude! I've also noticed that a lot of science is used to back up a position which is (often) essentially based on a prejudice. I've been involved in markets for a long time - long enough to know that exact predictions involving a specific time frame are almost completely worthless and almost always wrong. It's difficult (or impossible) to explain the recent rally - especially in light of a strong market and strong dollar. If you're looking for fundamental reasons behind a change in sentiment - and I think sentiment may be changing - it could be a combination of less (perceived) central bank selling on the horizon, some positioning by investors against a market crash/correction, a strengthening of Asian economies, and Y2K worries. Obviously $295 and then $300 are big barriers still - but these things have been breached before and will be again. I've always been more interested in the stocks than the metal - and there's a lot of money to be made even at these levels - especially in the juniors. As for specific price predictions - that's a game for mugs. dd