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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Abner Hosmer who wrote (11265)	5/5/1998 6:12:00 AM
From: Gabriela Neri	Read Replies (3) of 116759

Your consistent bearishness is obvious and you have made your point ad infinitum . Common sense dictate that if the various central banks want to sell off the remaining amount of gold reserves or reduce them, they can do so over time without disrupting the market in a significant fashion, as they have done for many years prior to the EMU. The beginning of the EMU created a special time urgency for some CB's which will now not be a factor. Nonetheless, I would bet that this issue, per se, becomes less relevant to the gold market-shall we say fades away over time as the central issue affecting price of gold. Something else will come up or many things will come up which will have a more direct impact. The obvious in financal markes never rules the roost.

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