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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.56

+6.1%

Feb 6 4:00 PM EST

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To: Jimsy who wrote (24657)	12/21/1998 1:52:00 PM
From: E. Charters	Read Replies (1) of 116972

I think the two tier price system that seems to be in place presently where the majors such as Placer Dome get 400 dollars an ounce and the quoted price, set by the sale of less than 2500 ounces per day of metal at 290 dollars, is a sham set by the US gov't, who up to now has been a secret buyer of gold for the past two years. The miniscule amounts of gold sold on the LME and the COMEX are a straw market that is set up that way to prop up the US dollar and make it the premier currency in the world. It is a cabal, pure and simple. If anyone thinks that the metal exchanges are honest metal dealers then they are living in a dreamworld. EC<:-}

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