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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

Nov 10 4:00 PM EST

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To: Zardoz who wrote (36624)	7/6/1999 10:18:00 AM
From: Ken Benes	Read Replies (1) of 116753

Hutch: Whether there is a conspiracy or not, the deplorable state of the gold market is partially the result of the actions of the producers. In Reuters, there is a piece concerning the BOE sale, and the specter of further sales by the producers which will limit any rise in the gold price. The markets are relying more on the actions of the producers rather than the actions of the cb's to cap the price of gold. Very sad. Ken

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