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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: yard_man who wrote (12262)	5/27/1998 7:21:00 PM
From: William JH	Read Replies (2) of 116837

FWIW, I was in a large coin/precious metals shop today, and asked them for their take on the retail gold market, bullion coins and etc. When gold first fell below $300 there was a lot of interest and buying activity. Now that this price area has been visited several times, interest has waned. They don't expect a pickup until prices either go lower, or start to move well above current levels. I heard two different money managers today say that the greenback has replaced gold as the world safe haven currency.

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