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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

Dec 1 4:00 PM EST

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To: Ironyman who wrote (45629)	12/6/1999 9:44:00 AM
From: Enigma	Read Replies (1) of 116790

Eric - I think people must be selling the physical in spades, or paper representing the physical. This is the fourth day in a row at least where the London action has set the tone before NY. We're told that daily trading in London is huge - I guess only the insiders have a clue as to who is actually selling and who is buying - there seems to be no commentary available on the inner workings of the daily gold market in London. Buyers are holding off for a bottom. Maybe some had a whiff of the Dutch sale announcement in advance - so we may see a recovery today - so who knows. If the Dutch sale was part of the agreement among the 15 CBs why was it not announced at the time in the interest of full disclosure?

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