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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

Dec 1 4:00 PM EST

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To: lorne who wrote (35281)	6/13/1999 9:30:00 AM
From: John Hunt	Read Replies (2) of 116790

Bloomberg - Bank Gold Sales to Equal at Least Nine Months' Output; Lower Prices Seen << London, June 13 (Bloomberg) -- Central banks and the IMF are likely to sell gold equivalent to at least nine months' global output within five years, squeezing mining companies profits and pushing prices below current 20-year lows, analysts said ... more ... >> bloomberg.com Morning Lorne, These guys must be desperate to keep pushing old news that is largely discounted by the market already ... If the price doesn't close lower tomorrow on their games, I would think there will be an explosive upside move when speculators realize that the emperor has no clothes. BWDIK. John

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