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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.74

-1.2%

Dec 31 4:00 PM EST

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To: PaulM who wrote (7698)	2/20/1998 11:01:00 PM
From: golders	Read Replies (1) of 116836

I believe it was one of your postings which caused me to download about 74 pages of commentary on gold vis-a-vis oil and the imminent demise of paper financial assets. It came from www.kitcomm.com/pub/discussion/ANOTHER7.html. It is the thinking of ANOTHER(THOUGHTS!). Much of this material is written in an eccentric literary style which I find a little difficult to follow. Would like to comment what you think of it? To me the writer is saying that the oil producing countries, particularly in Arabia, will stop selling their oil for US dollars and insist on being paid in gold. Since there is a lot of oil and relatively little gold, the price of the latter will skyrocket. Is this what he or she is saying?

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