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Gold/Mining/Energy : Gold Price Monitor

GDXJ 118.97

-0.9%

Dec 24 4:00 PM EST

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To: Alex who wrote (2692)	10/31/1997 12:34:00 PM
From: Bucky Katt	Read Replies (1) of 116823

Dresdner Kleinwort Benson pinpointed an oasis of hope for gold bugs in its weekly precious metals report, saying the sharp falls in spot prices had prompted small investors to buy. ''German demand for investment gold has risen strongly this week, customers are buying bullion and coins in all sizes.'' That being said, it added that there was no reason why gold should not test the $284.25 (ouch) fixing low of February 25, 1985 at some stage because of looming central bank sales, mine sales and falling Asian demand.

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