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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.87

+3.9%

Jan 6 4:00 PM EST

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To: Enigma who wrote (56500)	7/19/2000 5:14:51 PM
From: Ken Benes	Read Replies (1) of 116842

Obviously there are many more sellers than there are buyers, which is reflected in the dismal level of the xau. Even when gold rallies, the xau cannot get out of its own way, clearly not a vote of confidence for the producers. As for markets, you made a good point, the price of gold is sagging because the market cannot absorb the current supply. Isn't that economics 101, supply and demand. I guess to gold miners markets mean how much gold you can dig up or borrow and throw at the market and let the price seeks its own level. Brilliant. Ken

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