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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

4:00 PM EST

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To: John Hunt who wrote (35525)	6/18/1999 8:51:00 AM
From: Ken Benes	Read Replies (1) of 116906

To bump heads with the central bankers, the miners would have to give up their seats on their corporate jets and the suites at the Plaza. Probably not going to happen. The producers two man tag team GATA is running around making a lot of noise when the most effective piece of advice they could give, tell the miners to convene a meeting in Switzerland where they will discuss eliminating all gold produced at above 250.00 from the market and replace it with cb gold that they stand ready willing and able to buy. For immediate effect ask the BOE to accelerate their planned sale so that the supply does not fall short when the uneconomic gold is closed. Headlines, price volatility, chaos, you name it and you will see it immediately. Will it happen, No. Why, because the producers have become the retailers for the cb's under the terms dictated by the cb's. In the meantime, my email is clogged with incidental material from the lemon cafe designed to alleviate the pain of a wounded gold bull. Ken

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