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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: long-gone who wrote (70133)	5/24/2001 9:25:23 AM
From: lorne	Read Replies (1) of 116756

Gold rally: inflation threat or end to BoE sales? 05/23/2001 12:00:00 PM This time the increase in the price of gold could be sustainable. There is a high probability that the recent rise in the gold price has been in response to inflationary fears. If this is the case, then the price of gold could rise substantially in the short to medium term and we are in a bona fide gold bull market. However, there is a rumour that the Bank of England may cancel the balance of its bi-monthly gold auctions. If that is indeed true, and if that is what has caused the gold price to rise, then the rally should peter out soon after an announcement is made. Full story >>> mips1.net

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