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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: E. Charters who wrote (90085)	9/27/2002 2:50:46 AM
From: Real Man	Read Replies (1) of 116764

Well, as gold production starts to soften, miners will be forced to re-evaluate future production and cover outstanding hedges. I guess, bankers need all these gold forwards. Gold may consolidate more until November, but then we will be back to races. And this is just a reminder of what will happen to gold in the event of a dollar crisis. Dollar, of course, is overvalued by any means -current account, or budget deficit. financialsense.com

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