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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: marek_wojna who wrote (67131)	4/5/2001 11:18:19 PM
From: long-gone	Read Replies (1) of 116788

Everyone say a loud long "Thank You Steve"! (btw all, this does prove ahaha is full if shit) Would some call this pressure? Key quote: "Gold is our most useful monetary bellwether. It's rare enough to have intrinsic value but sufficient enough to be traded in the mass, global market. The amount produced each year is a fraction of the outstanding supply. Thus it is not susceptible to supply shocks—drought, political upheavals, crazy politicians—that bedevil practically every other commodity. All the Fed has to do is look at the price in the paper each day, print enough money to get the yellow metal up to $340 or so (the average for the last decade) and then gear monetary policy to keep the "barbarous relic" in that neighborhood." forbes.com

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