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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: Alex who wrote (44206)	10/28/1999 11:56:00 AM
From: Ken Benes	Read Replies (1) of 116764

I believe that whatever gold is required to complete the closing out of the producers hedged positions will be made available one way or another. This is a good indication that gold supply is available in a crunch and the market is not as tight as some have speculated. If this feeding of required supply into the market continues, a 300.00 trading range seems probable. Ken

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