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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Ahda who wrote (47039)	1/13/2000 5:46:00 PM
From: Ken Benes	Read Replies (1) of 116764

A little tidbit about gold mining shares and gold. How long will it be before the mining companies begin hedging forward selling with gold leased from the central banks. I believe that a coordinated leasing program with the miners full participation will be evident within six months. The mining shares are currently in the toilet and the management of these companies having felt the wrath of the shareholders last fall are a little gun shy at the moment. However, once they realize, that the investors are not going to return, and that the price of gold is not going up, they will participate in the leasing program. They never much cared about the shareholders and the selling price of their stock while important was incidental to their other pursuits, digging and being wined and dined by the bankers. As time passes, they are going to realize that the people they care least about are gone for good, and paying for ones own dinner sucks, bring on the bankers. Watch, within six months. Ken

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