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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.88

+4.2%

Dec 9 4:00 PM EST

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To: russet who wrote (39615)	8/26/1999 10:33:00 AM
From: Enigma	Read Replies (1) of 116801

The trouble with the gold world is that nobody, repeat nobody, knows the whole picture. Games are being played out which will go too far and then there will be a scramble and we will see a major reversal. The CBs, by leasing out a (large?) percentage of their gold have (in my view) tried to get the best of both worlds and may have finished up with the worst. Initially they must have felt that leasing was a way to mobilise gold - whilst still being able to 'book it'. Driving down the price could not have been part of the scheme. And, of course, they can't get a lot of the gold back. If you were an investor, pure and simple, this would be the time to accumulate. There must be some brave souls around. d

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