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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 (45917)	12/13/1999 3:38:00 PM
From: John Hunt	Read Replies (2) of 116764

Gold & Black Gold Per Harry Schultz << Gold "should" move up in late Dec, due to a likely pre-Y2K stk mkt fear selloff & a likely US$ price peaking out. Stks-down, $-down normally equal: gold-up. But gold's supply/demand forces have been both openly & covertly blocked by the establishment so far this year. They simply can't afford to allow a free-mkt gold price. The stakes are too high for them. And "them" hold the levers of power--political, financial, media. They manipulate not only the gold price but the media to squash any Y2K fears, thus inhibiting a rush to quality. But gold's chart shows a bullish downwedge pattern & its correction has almost reached the vital 61.8% retracement number of 280, basis London PM fix. Price should hold there. If not, odds shift to test the summer low around 253. >> ... cont'd at ... gold-eagle.com

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