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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: d:oug who wrote (85336)	5/11/2002 1:28:51 AM
From: marek_wojna	Read Replies (1) of 116815

Doug, The article appeared on Kitco, was there only for about 8 hours The link to it is:http://www.kitco.com/ind/Field/apr212002.html I didn't pay too much attention at the time, took the whole story about it as another POG bashing scheme by CB's. Few days ago German Commerz Bank credit rating was downgraded, now this one. I can't not see any official reason they giving for downgrading as trustworthy. Only short naked positions on gold could expose these and other three german banks to real danger. The final confirmation would be downgrading of Dresden Bank. marek

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