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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Don Green who wrote (35087)	6/10/1999 12:38:00 AM
From: The Ox	Read Replies (1) of 116764

While I know you are a huge gold bear, you should keep in mind that like any commodity, there's a supply and demand equation the eventually wins out. If you had asked people their opinion of Oil price futures 7 or 8 months ago, they would have told you 10, 12 maybe 14 at the most. Today's price is near 18. If gold prices slide too low, there will be a backlash that is perfectly natural. If you think $200/oz is the target, I'd like to know how you come up with this target. Simply curious. Michael

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