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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: goldsheet who wrote (67934)	4/20/2001 12:13:13 AM
From: Claude Cormier	Read Replies (1) of 116762

<Even if 100% accurate, the numbers have not resulted in any positive impact on gold prices, yet.> True Bob... Because gold from the CB has been filling the gap so far. <This is the trap Bill Murphy got himself into in 1998. Having worked for Veneroso, he believed the gap was going to result in an immediate price rise. > Obviously both Veneroso and Murphy have underestimated the willingness of CB's to lease gold. Take a look at the 3 charts at the beginning of the "Tsunami" Report on this page: goldenbar.com <If the economies (and paper currencies) get as bad as many folks think, it is mathematically possible that demand could decline faster than mine production and the gap remain fixed or even get smaller. > I would be very surprised. we will see. <Probably true, but it may take all of the fingers plus your thumb - five years ??? > I can wait that long to see gold in the 4-digits range and my gold stocks 50 fold higher.

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