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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: SwampDogg who wrote (44175)	10/28/1999 7:27:00 AM
From: Alex	Read Replies (1) of 116762

<<"We may see buying on the downside, so I think gold will trade higher," a trader said. After a solid close overnight in New York and a strong opening in Asia, traders said it was possible gold's correction from sharp rises earlier in October may be ending and further gains from short-covering are possible. "All the action was in the Australian market. We heard there was American commission house buying on the way up, and professionals in Australia selling on the way down," a trader in Singapore said. After having tested US$285 this week, gold has bounced back strongly, which suggests it will move higher again, he said. >> uk.news.yahoo.com

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