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Gold/Mining/Energy : Gold Price Monitor
GDXJ 108.88+4.2%4:00 PM EST
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To: Enigma who wrote (55873)7/7/2000 10:37:40 AM
From: pater tenebrarum  Read Replies (1) of 116801
 
it's a possibility. the reason why no-one steps in to break the bank is because they fear the financial muscle of the parties interested in suppressing the price...what's more, these parties seem to have official backing to some extent. no-one in his right mind would fight that.

but perhaps you're right - a plunge below $200 would surely shake the tree a bit. but i bet you the hedgers would hedge even more if that happened, at even lower prices, and when the price finally rises, half of the industry will be destroyed.
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