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Gold/Mining/Energy : Gold Price Monitor
GDXJ 134.75-0.9%Jan 21 4:00 PM EST
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To: PaulM who wrote (36234)7/1/1999 7:42:00 PM
From: goldsnow  Read Replies (2) of 116897
 
''The problem for producers now is how do you take your foot off the
accelerator,'' said John Toalster of SG Securities.

''The price is now virtually guaranteed to go far too high. That is a much nicer
problem than the one you had last year with low prices. But it is still a
problem.''

Analysts said OPEC supply curbs were tightening the supply-demand balance
in world oil markets and meant prices might easily overshoot a cartel target
price of $18-$20 Brent.
infoseek.go.com
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