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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.80+0.9%Nov 19 4:00 PM EST
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To: long-gone who wrote (58572)9/22/2000 9:30:10 AM
From: Professor Dotcomm  Read Replies (1) of 116764
 
3 reasons - LG:

1. Industrial and cosmetic gold demand is finally making a small dent in the huge central bank overhang.

2. The crash of the Euro is renewing old ideas that gold could perform as a hedge currency

3. Oil production/demand imbalance is starting to crank up fears of a new bout of inflation.

However, all these reasons are still minor at the moment but they could develop nicely over time. That is why I am not looking for a rapid spike up - just a steady rise over the next 12 months.
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