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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: philv who wrote (7339)	2/6/1998 11:13:00 PM
From: Bucky Katt	Read Replies (2) of 116753

Phil--The big players I know think the same thing, dump ag and buy au. Some wholesale dealers have dropped their buy a dollar fifty below the spot on bars. It now takes 8 weeks to get assayed and paid because the refiners are out of room. They don't want to get stuck. The market for silver coin, both clad and 90% is still ok. It's all the 1-100 oz. bars they don't want. Yet, they still cannot get enough gold to sell. It all makes no sense and perfect sense, if you understand what is really going on.

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