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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: paul ross who wrote (8040)	3/3/1998 10:25:00 PM
From: Terry Rose	Read Replies (1) of 116789

Paul, Last week a lot of the increase in the lease rate of gold was attributed to the failure of the Central Bank of Belgium to roll over the prior lending of 3 million ounces of gold. The recent article was purposely misleading in my opinion. I also fully expect that sometime in the near future a further past Central Bank sale of gold will be announced, and it will probably coincide with either major turmoil restarting in Asia (Japan, China, or Hong Kong) or an announcement of impeachment proceedings over the Clinton sex scandal. Regardless, the latest failure to breech 290 on the price of gold during it's latest retracement is positive. Terry,

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