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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: long-gone who wrote (57752)	9/1/2000 9:29:45 AM
From: Ken Benes	Read Replies (2) of 116814

While the effort to increase demand is laudable, it will not correct the imbalances in the gold market. A study of the diamond industry illustrates that it takes a combination of monitoring supply and demand to positively effect the price of the commodity. The producers have totally disregarded the supply side of the equation and will continue to do so as they race to bring on new production. I just read the GATA piece on the German newspaper article relating to the manipulation of the gold market. While the development is positive, the results will be the same, any meaningful rally in the pog will be cut down as the forces with an anti gold agenda can mobilize a substantial amount of ammunition to fire at the market. Last year GATA rallying call was Tora, Tora, Tora. This year its "Dawn has arrived". Unfortunately, disappointment for the gold investor will continue thru the coming year with aborted rally following aborted rally. I believe nothing short of a severe economic dislocation will be needed to restore golds luster as the store of wealth of last resort. When and if this will occur is beyond anyones ability to forecast. Good Luck with your continued vigilance of the gold market. Ken

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