We investigate the collective excitations of an atomic Bose-Einstein conden
sate in the self-binding regime produced by electromagnetically induced "gr
avity" (1/r attraction). Analytical expressions for the frequencies of the
monopole and quadrupole modes are obtained at zero temperature, using the s
um-rule approach, and compared with the exact results available in the Thom
as-Fermi limit. The low-energy dynamics of such condensates is shown to be
dominated by the effective "plasma" frequency. An analog of the Jeans gravi
tational instability is analyzed.