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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

4:00 PM EST

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To: Little Joe who wrote (48164)	2/6/2000 7:29:00 AM
From: Rarebird	Read Replies (1) of 116906

Murphy said last spring on CNBC that he rarely looked at the Gold Market any more because he felt it was being manipulated by the CB's. That sounded to me that he got burned( was caught long) on the BOE announcement on May 7, 1999 to sell some of its gold reserves. After a 20 year Bear Market and countless failed rallies, I can't blame him ( or any one else ) for remaining cautious and waiting for the POG to take out $350 to receive confirmation that a new upleg is under way.

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