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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: Lucretius who wrote (50737)	3/24/2000 1:25:00 PM
From: long-gone	Read Replies (1) of 116756

re $400 No, I don't think so. you see how oil made the pop? more than 3X! When "they" let gold out of the barrel or it at last jumps out, we could see far more than than - if people can find a way to put this massive amount of money into bullion - there-in lies the KEY! When people are able to turn the paper & electrons in the market into bullion there is no telling what we might see. Have you looked at the market cap of some of the tech companies? If only 15% of this were turned into gold - we could see $375-425 with ease. If it happened quuickly & people had a vehicle with shich to turn their paper savings into gold & silver & these were seen in a positive light - where might the momentum carry it? $1800? $6000? If we could get those dummies at the WGC off their Fat Well Paid Backsides to open their own Bullion Banking operation & sell gold funds to the investing public (with a LOW fee structure) POG could turn in only a matter of a few weeks or months! $4-10M put into gold bullion (over even 6 months) would break the whole short game at the seams. BUT, the WGC, despite the many suggestions from many at the edge of the game, will not (or can not) understand "A RALLY NEEDS FUND FLOW"! This is why if a metal will show a profit in the near term, it will be silver! Anyone read the CPM report today on KITCO?

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