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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.74

-1.2%

4:00 PM EST

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To: PaulM who wrote (7754)	2/21/1998 3:01:00 PM
From: Mark Bartlett	Read Replies (1) of 116836

Paul, I have looked at Another's thoughts too ...I find them interesting, if nothing else. <<The payoff is achieved by lowering the price of gold below its "true" value (its value to the oil producers).>> Would not this imply that at some point the price of gold would have to be allowed to rise, so the producers can accrue the benefit of the cheap gold - otherwise it would seem to me to be a waste of time - unless you are implying that gold has two values - one for you and me and one for them. Perhaps this gulf war is about depressed gold prices as much as anything else .... perhaps producers are PO'd at the price of gold i.e., somebody has reneged on the deal. There is no doubt that gold has not been acting itself .... something certainly seems to be running amok. MB

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