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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Don Green who wrote (35291)	6/13/1999 4:44:00 PM
From: Richard Mazzarella	Read Replies (1) of 116764

Don, as long as gold is perceived to have no monetary value I could speculate that central banks will continue to sell. Even farmers spread cow manure back out to their fields. Why store something that doesn't add value or security. The US dollar, or Microsoft may be the new coin of the realm for all anyone knows (it's different this time <VBG>). I have a question for our gold wizards, assuming that all the banks sell their gold, how long before demand would encourage new production, what is the length of time where demand can be satisfied from central banks selling? How many years of demand do the banks now hold? Thanks. PS, sorry to be such a gold amateur nerd. <VBG>

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