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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: Claude Cormier who wrote (91279)	11/17/2002 8:05:28 PM
From: goldsheet	Read Replies (4) of 116762

<<"No, I think gold is under serious, quiet ACCUMULATION, and the accumulators are actually hoping that gold "takes it slow.">> <Bob, this is the feeling I also get from our clients who participate in our gold accumulation plan. > You know I'm a big supporter of the long term viability of the gold mining industry, so I am most supportive of a good solid base and gradual appreciation, which should give the industry a chance to generate profits. We fickle investors are probably the worst enemy of gold mining by running prices up to fast in the past. The 1993 run to $400 was too much of a good thing and a lot of firms wasted a lot of dollars on questionable exploration. Fortunately, some found projects that are now getting second looks and new feasibility studies. (example: Twin Mining's Atlanta Gold project in Idaho)

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