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Gold/Mining/Energy : Gold Price Monitor
GDXJ 141.15+3.5%4:00 PM EST
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To: Crimson Ghost who wrote (55949)7/8/2000 3:52:01 PM
From: Nautical  Read Replies (2) of 116978
 
> The only other factor that could ignite a gold explosion is a fundamental rethinking by the European CBs of their policy of leasing gold to short sellers at absurdly low rates.

For the European CBs, one reason to tank gold is to make the Euro look good in comparison. Maybe once some confidence is shown in the Euro, lease rates can go up. Of course, it's hardly been inspiring so far the way CBs, the BOE in particular, have been handling gold sales. Not exactly the bastions they once were of sound fiscal policy.
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