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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

Nov 26 4:00 PM EST

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To: sea_urchin who wrote (63940)	2/18/2001 12:13:41 AM
From: Zeev Hed	Read Replies (4) of 116768

I doubt that they will ever be able to show the smoking gun. Just like no one knows how come suddenly the day after the crash in Oct 87, suddenly some mysterious hands bought in concert bunch of futures, and many large corporations announced in tandem buy backs of their stock, in essence acting in collusion (and thus breaking the law) to save the markets from a real melt down. Just accept it and act accordingly, those CB's, at least believe that they are acting for the good of the "greater majority". You got to admit however, that with production of the yellow almost doubling in the last 10/15 years, and that trend still increasing, the case for a real turn arounds is difficult to make. One of these days, someone is going to claim that there is a conspiracy to depress the free markets and keeping gold artificially above $240 (g). Zeev

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