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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: Tomas who wrote (40112)	9/7/1999 11:11:00 PM
From: Alex	Read Replies (1) of 116795

<<Gold futures rose after an official from China's gold bureau told Bridge News that his country's gold reserves were too low in relation to its population of 1.3 billion, according to a daily report from Alaron.com. Currently, the metal accounts for only 2.3 percent of China's total reserves. China's gold reserves could rise to at least 1,000 tons from only 394 tons. "This has significant bullish potential as Asia is the entity that could turn this gold market around very quickly," said Dave Meger, senior metals analyst at Alaron.com.>> cbs.marketwatch.com

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