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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: Superhawk who wrote (10623)	4/25/1998 12:24:00 PM
From: goldsnow	Read Replies (1) of 116790

>>He bases his analysis on the premise that, following the European currency union, the combinations of currencies and gold reserves will result in an excess of 4,000 tons of gold. >>> That is a strange point..4000 tons is only 1 year demand..Unless he is a privy to CB or ECU there is no way anyone can make that asumption.. As far as world demand it is at all time high and rising!! But we have heard $200 number before as well as 400 500 and 600... One point is clear $200 gold or $250 for any length of time would make any gold holder superrich in just few years as it would spell a demise of most of the gold and gold exploration industry..and total upheavil in a world such as South Africa..

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