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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

4:00 PM EST

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To: Zardoz who wrote (57243)	8/13/2000 12:24:51 PM
From: Hawkmoon	Read Replies (2) of 116943

In fact a fiscally sound country doesn't need gold to back its currency. And to go a bit farther, the manner in which gold is currently being handled reminds me of many of these internet stocks that went IPO last year. They'd have 100-200 million shares outstanding but when they would only sell 10% of that amount to the public (UPS is a good example of this too). So by keeping supply deliberating scarce, and fluctuation in demand has distorted impacts on the overall price, both upward and downward. In effect, what that does is give the majority stake holders an inflated price at which to distribute their holding back into the markets. That's called distribution in my play book. Pump it up, prop it up, and dump it to those who don't know any better. Regards, Ron

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