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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

4:00 PM EST

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To: John Paquet who wrote (58558)	9/21/2000 3:15:15 PM
From: Ken Benes	Read Replies (2) of 116762

XAU: 48.97. Will not make 50 today. I believe little has changed in the gold market, bankers still have enormous amount of ammunition to fire at a rally. Less than 25% chance gold will rally above 280 for the remainder of the year with a smaller percentage gain for the discredited XAU. World governments are now taking aim at oil, may result in a price around 30, which will deflate inflationary expectations a bit. Markets can live with 30 dollar oil, 35+ oil may destabilize global economy. Just my opinion. Ken

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