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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: goldsheet who wrote (68054)	4/21/2001 3:32:56 PM
From: Square_Dealings	Read Replies (1) of 116762

Bob, Maybe you should check out a long term graph of the COMEX stocks on gold and silver sometime. Then keep in mind the amount of dumping thats been going on and ask yourself why the inventory is going down so fast. The price is steady until the inventory gets so low that it forces loans to be called in. That is just starting to happen as with the banks in India. You can be sure that Argentina Japan and many other loans are in trouble here. It hasnt exploded yet because the Fed has dumped massive amounts of dollars into the market. The dollar dumping will not be effective in stalling the bank defaults because the debt is too high. Most of the money that was made in this last surge in the stock market was made by the banks that knew it was coming. They took the money from all the little guys that were forced to sell into tax season. So its all being done with mirrors at the present time. Soon reality will become more clear to everyone. M.

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