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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

4:00 PM EST

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To: Alex who wrote (42554)	10/10/1999 1:00:00 PM
From: goldsnow	Read Replies (1) of 116764

This unnerved the big investment/hedge funds that had been holding a record net long position and triggered a wave of profit taking. But few analysts believe that the crude oil market has a lot further to fall. While the highs may be in, this price slide is still seen by most as a technical correction. After all, the oil market has more than doubled in price this year from a 24-year low of $US10.35/barrel back in December 1998 as oil producers cut production by about 7 per cent. afr.com.au

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