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Gold/Mining/Energy : Gold Price Monitor

GDXJ 100.15

+0.3%

Nov 25 4:00 PM EST

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To: goldsheet who wrote (94362)	4/3/2003 8:00:04 PM
From: Real Man	Read Replies (3) of 116764

Gold is down more from the peak now than the whole decline after the first Gulf war in 1991. The war then lasted 19 days, and gold was in a bear market. Now it is going on for 14 days already, and will likely last for months, since there will definitely be street fighting for Baghdad. Note also that in 1991, gold peaked once the war was announced. Not now. Now it peaked in anticipation of a quick war with no coalition casualties.

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