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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: long-gone who wrote (45173)	11/19/1999 6:06:00 PM
From: Ken Benes	Read Replies (4) of 116753

I have just read Kaplan and it appears that the long waited short squeeze on the December contract has gone kaput as the roll out to February continues. He also indicates that the commercials are net short. I quess the thumbs down in the coliseum of the gold market has gone kaput. Been taking to some computer engineers who have been involved in the y2K fix for some years. The consensus, life will go on January 1st. There will be some shut downs, but the lights, telephone, tv, radio, food and energy supply, and the banks will be working with no disruption. I would think, should the y2k be a complete fizzle, a lot of gold will begin hitting the market by the end of January leaving the gold market in total dissaray. The gold market is beginning to display a pretty bleak specter reminiscent of most of the past two years. Ken

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