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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: Rarebird who wrote (58847)	9/25/2000 10:51:56 AM
From: Ken Benes	Read Replies (2) of 116764

XAU: 49.18 HEADING LOWER. A combination of a controlled environment in the gold market and inept management at the producer end is pointing to lower prices for the xau. How low, that is debateable, but I can envision abx below 14 and maybe as low as 12. Extrapolate this to the xau and you may have an indication of how low it can go. Judgement day is at hand for the producers who threw a wrecking ball at the gold market. Ken

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