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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Zardoz who wrote (52261)	5/2/2000 9:37:00 PM
From: PaulM	Read Replies (2) of 116759

I am very bullish on gold right now. Except for a short while back when a Ghanian judge threatened to unravel the Ahanti thing, I haven't been short term bullish for seven months. (Course that and a $1.50 will get you on the new York subway). The Swiss gold is going through the BIS. While LBMA and COMEX are markets for private players, the BIS is generally the broker for central bank transactions. This gold is going to another central bank, probably the ECB, and will never hit the market. Also, it will be sold to take in Euros, not dollars.

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