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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.98

+0.2%

Dec 4 4:00 PM EST

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To: Jim McMannis who wrote (97145)	1/28/2004 9:14:19 PM
From: marek_wojna	Read Replies (1) of 116795

He did or the markets are so fragile that any hint in one or the other direction causing big waves. In the end he actually said nothing new, IMO it was response to Japan careful consideration of their reserves. If they only decided to buy 10% of gold and 90% dollars and announce it to the world gold investors would be forced to buy custom in hurry developed software to calculate future POG as China and other countries would for sure follow. For now looks too me like a dream, but in year or two if US won't be able to get out from the circle of higher productivity + China syndrom + imaginary sector of jobs AG talking about + deficit + dinar = dreams sometimes comes true. As for now choppy and floppy playing momentum is not a bad idea.

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