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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: Hawkmoon who wrote (43151)	10/17/1999 2:18:00 PM
From: Robert Dirks	Read Replies (1) of 116764

>>>The only reason the price of gold is where it is now is due solely to the actions of the European Central Banks in launching an attack on the US currency and perceived marketbubble, using the POG as its weapon.<<< OK, lets rewind the tape a bit, to 1999/July. The only reason Gold went down to 253. is due to MASSIVE selling by hedge funds, shorters who nevert owned any Gold, and bullion banks who borrow Gold and buy bonds. IMO a fair equalibrium price is around $650.

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