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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.29

-7.0%

Feb 5 4:00 PM EST

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To: long-gone who wrote (39887)	9/1/1999 11:24:00 PM
From: Ken Benes	Read Replies (1) of 116972

Check out Reuters news on gold. Production up in the second quarter by 2% over last year. Continue selling by the South Africans and the Australians. These three factors will overwhelm any effort by GATA to expose manipulation in the gold market. It is supply and demand, and supply is more than meeting demand, resulting in continued weakness in the gold price. As I have said over and over, the producers are the key to low gold prices, they could reverse the trend with a little prudent management, however, they prefer to dig. Ken

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