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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.99+0.3%4:00 PM EST
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To: Giraffe who wrote (18813)9/14/1998 8:52:00 AM
From: Bill Jackson  Read Replies (1) of 116753
 
Giraffe, Country after country is running out of gold, as noted in that article. the saw tooth structure of the POG will get more jagged as this happens as this means a permanent uptrend has started.
Most sellers now see they will make more money if they sell nothing. I do not know how many more tons must be sold to satisfy the ECU deal and from what countries. Some will hold, like France.

Bill
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