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Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

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To: Abner Hosmer who wrote (11206)	5/4/1998 7:01:00 AM
From: Enigma	Read Replies (2) of 116810

Thomas - we are obviously right into a state of currency uncertainty in Europe and the whole process of the EU is highly charged and political. In these circumstances I think it highly unlikely that we will see the so called mobilisation of CB gold reserves - stability will have to be the order of the day, and therefore the scary scenario of 'Oldman' - gold @$250 is just not on. IMO of course as always. Change of subject - I have been watching CRB Index for some time seems to be flat but still mired below 50 day m.a.. Used to think that this gives some clue to 30 yr bond index - maybe still does?

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