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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: IngotWeTrust who wrote (15827)	8/13/1998 6:05:00 PM
From: Lalit Jain	Read Replies (2) of 116770

Hi ole 49r, Could someone/institution corner the gold market today? One million ozs au would cost less that $300M. If the take physical delivery, than the equivalent of COMEX warehouse Au stocks would be gobbled up. Money is cheap today! The $22B bailout for Russia would be an equivalent of 2500 Tons of gold, and Soros said that it would hardly put a dent into the Russian crisis, not to speak about the Indonesian bailout. What if 10 gold mutual funds decided to each buy one million ozs of gold over the next few months? What will that do to the POG? What happens if 1 million citizens of the world decide to purchase 1 oz of gold each? Might happen with the Millennium gold coin! Remember the 'Herd' mentality! There would be an abundance of dollars and a severe short supply of gold. Just my thoughts. Regards, Lalit Jain

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