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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Bobby Yellin who wrote (8363)	3/16/1998 9:08:00 AM
From: Enigma	Read Replies (2) of 116770

I hope you're right about natural gas. Makes the oil patch (read gas) in Canada the place to be. Back to gold (!) Someone pointed out the danger of possible Middle East Selling, and this could happen. What I wonder is - why aren't the Asian Central Banks - particularly the Japanese - Buying? Maybe they are, possibly, in a clandestine way, and this may be the big surprise round the corner? I can't help wondering whether those countries in the far east wouldn't have weathered the currency crisis if they had maintained significant gold reserves. AS so many have pointed out here it is strange how slow gold has been in reacting to the currency turmoil. I first was exposed to gold and gold stocks in 1973, as a neophite broker, when there was a currency crisis. Of course the price had only just been freed up so it was a bit like a coiled spring. But that was the place to be - then. This spring may be coiled too? But is seized up from lack of action?

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