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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.56

+6.1%

Feb 6 4:00 PM EST

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To: Ahda who wrote (56940)	8/3/2000 9:17:42 AM
From: Ken Benes	Read Replies (1) of 116972

The answer is simple. The supply of gold exceeds demand and investors would rather pay up for the price of a house than invest in gold which is designed to offer protection during periods of inflation. Unfortunately, the supply of gold is being inflated beyond the ability of the market to absorb it. The producers keep digging and hedging and the bankers keep borrowing and lending against the increased reserves of the producers. Voila gold at 275 headed lower. Ken

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