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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

4:00 PM EST

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To: long-gone who wrote (46780)	1/6/2000 9:50:00 PM
From: Machaon	Read Replies (2) of 116764

<< Were those very rules "published" in a public forum(or were some "investors" simply SCREWED?)? >> You caught me in a misstatement. I don't know the rules of the game. Of course, your point is that investors are getting screwed while governments manipulate and destroy the "free" market for gold. Again, I don't know all of the mechanics, but I firmly believe that many world powers are against gold so that they can convince the world that paper currency has some inherent value, and does not need any backing. I also feel that the CBs are going to drive the price down, buy at the low, allow supply and demand to drive gold back up towards $300 and then sell to drive the price down again. Since there is supposed to be a significant shortage in gold produced, versus demand, it should be pretty easy for the CBs to do. So, here I sit, trying to find the bottom of this latest CB gold cycle. I am thinking of picking up a partial position of Fidelity Select Gold Mutual Fund within the next week.

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