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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.10

+1.1%

Dec 30 4:00 PM EST

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To: Ken Benes who wrote (39588)	8/25/1999 9:41:00 AM
From: Enigma	Read Replies (1) of 116836

Ken - you keep repeating this stuff about producer selling - without one iota of evidence that there is an increased level of producer selling. If producer selling is flat then there is no 'producer selling' influence at all. IMO what we have here is selling on low volume - and general lack of interest, rather like a penny stock suffering from lack of 'news' - and, also, if I remember correctly gold usually suffers through the summer doldrums. Another factor could be that buyers who want to participate in size may be waiting till the B of E auction - or at least waiting until a date nearer Sept 21. The thing which puzzles me is that we're told repeatedly that daily volume on LAMDA is huge - so I don't know what the spot trading charts on Kitco really reflect. I think sentiment is affected by the factors I've alluded to above. You should try to produce some real data on producer selling before assuming that what you post is in the smallest way factual. But, never fear, you will keep on doing it because it has become your mantra. d

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