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Gold/Mining/Energy : Gold Price Monitor

GDXJ 134.74

-0.9%

Jan 21 4:00 PM EST

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To: JCgold3 who wrote (3654)	11/29/1997 9:13:00 PM
From: JCgold3	Read Replies (1) of 116898

I should have been more concise in my example. ANOTHER has been predicting a rapid rise in the price of gold as a result of the excesses in the derivatives market which is tied to the CB gold selling and leasing programs. The rise will be so quick and the price will rise so much that world currency system will be jeopardized. Oil could be held hostage and the world governments would be forced to take action which could include the confiscation of gold, nationalization of mines, a gold standard pegged to a low price for gold, etc. All in all some very drastic impacts to anyone invested in gold at the time the governments are forced to take action. I don't know that the scenario is plausible, but I can't say it can't happen either if the short position and leased gold situation is as out of balance as it seems.

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