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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Terry Swift who wrote (42933)	10/14/1999 9:01:00 AM
From: Ken Benes	Read Replies (2) of 116764

Terry: You along with others questioned my statements concerning the competence of the producers management. The events of the past several weeks have demonstrated that their managerial skills were less than I gave them credit. They drove the price lower by selling their reserves at a discount and may be willing to do anything to keep the price from rising. That worries me, because it is a good indication that they continue to work for the bullion banks, cbs, etc and not for the shareholders. The desperation of the producers to keep prices from rising is very worrisome and a good indicator why the gold stocks are doing as bad as they considering the rise in the POG. Ken

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