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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

4:00 PM EST

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To: Terry Rose who wrote (12101)	5/23/1998 9:47:00 PM
From: Enigma	Read Replies (3) of 116825

Terry - the problem too, is that few people writing in the mainstream financial media have any regard for gold, or much knowledge of same. Thus they talk about 'central bank sales' 'because they have heard that it happens, but haven't looked at the particulars. Also the mainstream brokerage houses have a bias against gold because if gold is doing well (gold stocks too) then everything else is probably doing badly and 'everything else' is where the bread is earned. To be for gold is to be against motherhood. Change of subject - did you know that in Canada all of the main brokerage houses, with one exception, are owned by the banks? Hard therefore to get a bank analyst who doesn't work for a bank! If there was a derivative problem with a bank in Canada who is there to blow the whistle? Major conflict of interest. E

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