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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.03+2.1%Jan 23 4:00 PM EST
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To: Zardoz who wrote (63806)2/16/2001 7:50:10 AM
From: KyrosL  Read Replies (2) of 116915
 
I too strongly doubt there is organized manipulation -- you misread my post. There is no need for conspiracy theories when more than one quarter of all the gold ever produced is sitting in CB vaults and overhangs the market, and a bunch of gold producers are selling their future production in order to avoid severe retrenchment or bankruptcy.

Still, I think that gold is near a long term low and am currently buying both gold stocks as well as physical gold for the first time in my life.

Kyros
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