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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Lucretius who wrote (50753)	3/25/2000 1:52:00 PM
From: Crimson Ghost	Read Replies (2) of 116781

Despite GATA's best efforts, the financial powers that be still control the gold market. Let's face it -- these guys have triggered the biggest financial bubble ever and have so far kept it from breaking down. Compared to that prodigious feat, keeping gold in the cellar is small potatoes. A sustained bull market in gold is out of the question until these guys lose control and the bubble finally crashes despite their best efforts. Until then the old paradigm will continue. Gold probably will remain in trading range of $275-$280 and $310-315. There will be occasional sharp spikes to show that this still is two way market. But these spikes will not last and POG will ultimately return to the bottom of the trading range. Nobody should confuse such jumps with a sustained bull market. So good timers will still be able to make nice profits on the long side of gold and gold stocks provided they do not overstay their welcome and realize the de facto rules of the game. But the day the boys finally lose control of the financial markets for real probably will be the day POG starts a drive to $1000. It will happen but perhaps not even God knows when.

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